The FT wonders if HSBC may seek to re-domicile in the US as noted in recent articles by Brooke Masters and other news sources. But is the US the natural home for a large emerging markets focused bank? Some believe the HKMA nearly opened up the cupboard for the bank, but would global markets accept a bank ultimately supervised by Beijing? On the other hand, there is a growing perception that US supervisors welcome global banking models more warmly than elsewhere, so let's see how this may pan out tomorrow when the bank announces Q3 results and possibly a further update on its future domicile.
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