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Standard Chartered bank says London HQ under review

Standard Chartered said Wednesday its London headquarters remained under review as the Asia-focused bank mulls Britain’s increased regulation and taxation on the eve of a general election. “We continue to keep our UK domicile under review,” Chairman John Peace told investors at the group’s annual general meeting in London, ahead of a knife-edge election fought largely over the economy. Peace indicated that the two main factors for the bank were the nation’s regulatory landscape and bank levy. British Prime Minister David Cameron’s Conservative-Liberal Democrat government introduced the banking levy — imposed on lenders’ balance sheets — after it rose to power in 2010.

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