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HBC acquired National Westminster Bank of Canada on May 1, 1998, which had assets of Can$844.5 million. NatWest had entered Canada in 1982. On June 21, 1999, HBC changed its name to HSBC Bank Canada, consistent with the HSBC Group's strategy of creating the global brand, HSBC. On December 3 of that year, it acquired Prenor Trust Company of Canada.
STORY: HSBC has agreed to sell its Canadian business to Royal Bank of Canada for around $10 billion in cash. It paves the way for a potential bumper payout for shareholders further down the line.
The skyscraper, built on the site of the former Hotel Devonshire (built 1925 and demolished 1981), was originally designed by WZMH Architects for the Bank of British Columbia. The assets of the Bank of British Columbia were acquired by HSBC Bank Canada in 1986. It was renamed "RBC Place" in 2024. [2]
HSBC Bank USA: HSBC Bank USA: 2003 BB&T: 1st Virginia Banks, Inc. BB&T: Truist Financial: 2003 M&T Bank: Allfirst Bank: M&T Bank: M&T Bank: 2004 New Haven Savings Bank Savings Bank of Manchester, Tolland Bank NewAlliance Bank: NewAlliance Bank: 2004 North Fork Bancorporation Inc. The Trust Company of New Jersey North Fork Bancorporation Inc ...
TORONTO (Reuters) -Canadian regulators will review the sale of HSBC's business in Canada to Royal Bank of Canada for C$13.5 billion ($10 billion) in cash, the Canadian government's finance ...
HSBC is exploring selling its Canada business as it resists calls from its biggest shareholder to split the bank in two.
This category contains companies acquired by HSBC, which no longer trade under their pre acquisition names, or which have been acquired and subsequently resold. Pages in category "HSBC acquisitions" The following 22 pages are in this category, out of 22 total.
HSBC's planned sale of its Canada banking business to Royal Bank of Canada (RY) for CA$13.5 billion will enhance the former's CET1 ratio by 130 bps. HSBC Rises 4.1% on Canada Unit Sale to Royal ...