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HSBC sells Canadian operations to RBC

2022-11-29T12:33:38.137Z

The Royal Bank of Canada buys its activities from the leading bank for 10.1 billion US dollars. British banking giant HSBC announced in a statement on Tuesday the sale of its operations in Canada for 13.5 billion Canadian dollars, or 10.1 billion US dollars, to Royal Bank of Canada (RBC). To discover Prime Macron 2022: conditions, amount, date of payment... how does it work? Read alsoHSBC: profits plunge 46% in the 3rd quarter " We decided to sell following a thorough review, which asses



British banking giant HSBC announced in a statement on Tuesday the sale of its operations in Canada for 13.5 billion Canadian dollars, or 10.1 billion US dollars, to Royal Bank of Canada (RBC).

To discover

  • Prime Macron 2022: conditions, amount, date of payment... how does it work?

Read alsoHSBC: profits plunge 46% in the 3rd quarter

"

We decided to sell following a thorough review, which assessed the business' relative position in the Canadian market and its strategic fit with HSBC's portfolio

," said HSBC Chief Executive Noel Quinn. , quoted in the press release, adding that the sale "

has significant added value

".

Source: lefigaro

All business articles on 2022-11-29

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