HSBC Eyes New Canary Wharf Office as Desk Shortage Mounts

HSBC Holdings Plc is in talks to lease several floors near its current headquarters in London’s Canary Wharf as the bank grapples with a looming shortfall of several thousand desks in the offices it’s moving into next year.

The bank has put in an offer to take all of the empty space at 40 Bank Street in Canary Wharf, people with knowledge of the discussions said, asking not to be identified discussing non-public information. The bank has also considered retaining some satellite offices it had planned to give up in order to address the shortage.