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Standard Life said in February it was very proud of its Scottish heritage – it has been based in Scotland for 189 years – but would "take whatever action we consider necessary" to protect its business, including transferring parts of its operations from Scotland.
Last month, the bank unleashed a political storm when it announced it was reviewing its London head office, where it has been based since 1992 after buying Midland bank.
HSBC is currently reviewing whether to keep its headquarters in the UK, where it has been based since the early 1990s following the takeover of Midland Bank.
Even so, he said that concerns about the bonus cap were unlikely to force HSBC to move its headquarters from the UK, where it has been based since buying Midland bank in the 1990s.
Gulliver also set out the criteria the bank will use to decide whether to keep its headquarters in the UK, where it has been based since 1992 when it moved from Hong Kong to enable the takeover of Midland bank.
The prospect of boardroom changes has been in focus since the bank announced last month that it would keep its headquarters in the UK, where it has been based since 1992 after buying Midland bank.
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Couldn't it have been based as easily, and perhaps less controversially, on familiar principles of contract interpretation?
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