‘Captured regulators, impunity behind HSBC’s decision to keep HQ in London’ – experts

‘HSBC’s decision to keep its headquarters in the UK is unsurprising because British regulators are captured and the City of London is the world’s leading center of financial crime, ethical finance experts have said.

British-born whistleblower Nicholas Wilson, who claims to have uncovered evidence of HSBC fraud amounting to £1 billion ($1.43bn), says the bank’s decision to remain anchored in the City was easy to predict.

Speaking to RT on Tuesday, he said the announcement signals “business as usual” for HSBC and Britain’s broken banking culture at large.’

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