HSBC Canada

In the financial sector, we prefer insurance companies over banks... Up Next. 3:59. Canadian banks will be cautious in funnelling ...

As for the country’s largest bank: D’Souza said Royal Bank of Canada “may be risk-averse given building recession risks and may not be willing to acquire a book of business underwritten by another bank.” In the cases of Bank of Montreal and Toronto-Dominion Bank, D’Souza told BNN Bloomberg via email “neither have the capital or capacity for this deal” since they’re already trying to close large takeovers in the United States. He said National Bank of Canada hasn’t given any indication it wants to aggressively expand beyond its home province. The review is at an early stage and no decisions have been made,” a bank spokesperson said in an email to BNN Bloomberg. HSBC Bank Canada is a very strong business and Canada’s leading international bank. Amongst the options being explored is a potential sale of HSBC Group’s 100 per cent equity stake in HSBC Bank Canada.

The lender has been seeking to head off a call by its largest shareholder to split up. Read more.

The bank has already sold off units in the U.S., France and Greece. The news comes as HSBC tries to fight off calls from shareholder Ping An Insurance Group Co., which has argued for a break-up of the bank. The bank employed 5,348 staff in its Canadian unit at the end of last year, according to accounts filed by the business. The British lender has had operations in Canada since 1981, according to its website. A disposal of the Canadian unit could reap nearly US$10 billion, according to Bloomberg Intelligence. “We are currently reviewing our strategic options with respect to our wholly owned subsidiary in Canada,” HSBC said in a statement.

HSBC Holdings Plc is exploring a sale of its operations in Canada, the latest move to streamline the lender that is seeking to head off a call by its ...

The bank has already sold off units in the U.S., France and Greece. The news comes as HSBC tries to fight off calls from shareholder Ping An Insurance Group Co., which has argued for a break-up of the bank. The bank employed 5,348 staff in its Canadian unit at the end of last year, according to accounts filed by the business. The British lender has had operations in Canada since 1981, according to its website. A disposal of the Canadian unit could reap nearly US$10 billion, according to Bloomberg Intelligence. “We are currently reviewing our strategic options with respect to our wholly owned subsidiary in Canada,” HSBC said in a statement.

UK-based bank is under pressure from its largest shareholder to focus on Asia.

TORONTO — HSBC Bank Canada is up for a potential sale as global banking giant HSBC Holdings Plc faces pressure to shake up operations from its largest ...

HSBC Canada has more than 130 branches, with a concentration in British Columbia. Last year, the bank sold off its U.S. HSBC has been winding down its exposure in North America.

HSBC Holdings is working with investment bankers at JP Morgan on a deal that would represent a further retrenchment from North America, Sky News learns.

The Canadian arm of HSBC is the seventh-largest bank in the country with $125-billion in assets.

Bank of Nova Scotia, the country’s third-largest bank, is in the midst of a CEO succession set to take place Jan. Given that Royal Bank of Canada has about $12-billion of extra capital above regulatory minimums, “it is hard to argue against [RBC] as the leading candidate to make this acquisition,” he said. to explore a potential sale, according to a source with knowledge of the process. The Globe and Mail is not identifying the source because they were not authorized to disclose details about the internal review. Though HSBC is headquartered in Britain and has operations around the world, it makes the majority of its revenue in Asia. But it is a full-service bank with wealth management and capital markets divisions, as well as retail branches from British Columbia to Quebec.

TORONTO - HSBC Bank Canada is up for a potential sale as global banking giant HSBC Holdings Plc faces pressure to shake up operations from its largest...

HSBC Canada has more than 130 branches, with a concentration in British Columbia. Last year, the bank sold off its U.S. Since the bank first established itself in Canada in 1981 it has snapped up more than a dozen banks and trusts in Canada to grow to its current size. HSBC has been winding down its exposure in North America. While all of Canada’s big banks would likely take a look, he said Royal Bank was the leading candidate as it has the scale to take on what could a more than $10-billion takeover. National Bank analyst Gabriel Dechaine said the review of HSBC Bank Canada, the country’s seventh largest bank by assets, comes as HSBC faces pressure from Chinese insurer Ping An, its largest shareholder, to break up the bank.

HSBC Bank Canada is up for a potential sale as global banking giant HSBC Holdings Plc faces pressure to shake up operations from its largest shareholder.

But as the cost of living rises and the generational wage gap grows wider, experts say it is now more important than ever to open up that dialogue. If you live in an apartment, then you've more than likely felt the effects of the dramatically increased rental rates in Canada. [Salary transparency is on the rise. Here's how to navigate the topic](https://www.ctvnews.ca/business/salary-transparency-is-on-the-rise-here-s-how-to-navigate-the-topic-1.6089683) HSBC Canada has more than 130 branches, with a concentration in British Columbia. [Here's how the falling loonie may impact your personal finances](https://www.ctvnews.ca/business/here-s-how-the-falling-loonie-may-impact-your-personal-finances-1.6084926) [Employers in these provinces are projecting the largest average salary increases next year](https://www.ctvnews.ca/business/employers-in-these-provinces-are-projecting-the-largest-average-salary-increases-next-year-1.6086018) Last year, the bank sold off its U.S. [MORE Business News](https://www.ctvnews.ca/business) [FinTok: How TikTok is changing financial literacy in Canada](https://www.ctvnews.ca/business/fintok-how-tiktok-is-changing-financial-literacy-in-canada-1.6089638) HSBC has been winding down its exposure in North America. [Why are apartment rental rates going up in Canada?](https://www.ctvnews.ca/business/why-are-apartment-rental-rates-going-up-in-canada-1.6094997)