Standard Chartered Chairman John Peace told
investors on Wednesday this year's rise in Britain's bank levy
was relevant to how it viewed its best headquarters, echoing
comments by rival HSBC, which has launched a formal review of
its HQ and will decide whether to move in the next few months.
Peace said the bank was taking action to turn around its
fortunes after a grim two years, but he said it would not take
"any knee-jerk actions" that would damage its long-term
prospects.
(Reporting by Steve Slater; Editing by Elaine Hardcastle)
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