HSBC Will Retain Headquarters in London Despite Drive to Cut #3.4bn in Costs

Publication: Fintech Finance

HSBC is in the process of implementing a £3.4 billion savings drive, but the attraction of an office in London remains high as they announced today that their headquarters will remain in the capital. Despite the high costs associated with space in the capital, many businesses are reluctant to abandon their prime commercial location.

Paul Statham, founder and CEO of workplace management experts Condeco Software, comments: “Business leaders are facing up to tough decisions as they are under pressure to deliver cost-cutting measures whilst retaining their key business operations. As we see in the news from HSBC, despite the costs involved, a London location retains a key value proposition for businesses.

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