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HSBC, Standard Chartered and Barclays did not threaten to quit UK, says Vickers

By James Crisp ( October 10, 2011, 16:50 GMT | Insight) -- A senior UK banking advisor today denied that the bosses of HSBC, Standard Chartered and Barclays banks had threatened to relocate in the light of his regulatory vision for the sector. Sir John Vickers also said the downgrading of 12 British banks by credit rating agency Moody's was "entirely benign" as it represented a step towards the removal of an implicit guarantee that the UK government would bail out failing banks in the future.Brussels - A senior UK banking advisor today denied that the bosses of HSBC, Standard Chartered and Barclays banks had threatened to relocate in the light of his regulatory vision for the sector....

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