HSBC completes sale of Canadian unit to RBC

The completion will result in the recognition of an estimated gain on sale of $4.9 billion in the first quarter of 2024, HSBC said in a statement on Friday.

Reuters

March 29, 2024 / 18:34 IST

HSBC completes sale of Canadian unit to RBC

HSBC Holdings said it completed the sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada (RBC) on Thursday.

The completion will result in the recognition of an estimated gain on sale of $4.9 billion in the first quarter of 2024, HSBC said in a statement on Friday.

Reuters

first published: Mar 29, 2024 11:21 am

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