HSBC, one of the biggest banks in the world, is relocating its U.K. retail and business head office from London to another U.K. city.
Around 1,000 of the bank's 48,000 U.K. staff will be employed in Birmingham – which is rather less well-known outside the U.K. than London. It's the country's second-largest city after the capital, located in central England.
The lack of international knowledge about Birmingham was demonstrated when Steven Emerson, a terrorism commentator, claimed on Fox News in January that it was "totally Muslim" and non-Muslims "just simply don't go in" to the City. He later apologised for his "terrible error."