Is HSBC Bank Canada up for a sale?

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. "We are currently reviewing our strategic options with respect to our wholly owned subsidiary in Canada," Gillian James, senior media relations manager at HSBC, wrote in an email.

Could HSBC Group sell a 100 per cent stake?

Amongst the options being explored is a potential sale of HSBC Group’s 100 per cent equity stake in HSBC Bank Canada. HSBC Bank Canada is a very strong business and Canada’s leading international bank. The review is at an early stage and no decisions have been made,” a bank spokesperson said in an email to BNN Bloomberg.

Does HSBC have a logo on the wall?

HSBC bank logo on the wall is seen in Valletta , Malta on 21 September 2022. HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars ($10.04 billion) in cash, paving the way for a potential bumper payout for shareholders later down the line.

How much money does HSBC make in Canada?

HSBC is Canada’s seventh biggest bank with assets of C$125 billion, and it earned C$490 million before tax as of June 30, based on its latest financial results. Analysts had valued HSBC’s Canada business in the range of C$8 billion to C$10 billion.