HSBC has once again threatened to move its headquarters from the UK in the wake of the imposing bank levy and an EU crackdown on banker bonuses.Chancellor George Osborne has announced that the new bank tax will bring in a total of £2.5 billion a year, while cash bonuses are set to be restricted under new EU proposals.During a conference call with journalists and city analysts, HSBC's chief executive Michael Geoghegan urged policymakers to rethink their proposals.He said: "Along with many other international banks, HSBC already complies with the Financial Stability Board's global principles on remuneration."If the EU takes those principles further and applies additional requirements to European firms operating in emerging markets, it would place those firms at a disadvantage to their regional competitors and to those based in North America."HSBC also revealed that profit growth had slowed down in the second quarter of the year, with shares now worth 683p.Posted by Jennifer HainesJennifer's speciality knowledge is credit card changes and balance transfers.
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