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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 ...
On June 1, 2004, HSBC Bank Canada completed its acquisition of Intesa Bank's Canadian unit, which had 11 branches and total assets of Can$1.1 billion. On September 20, 2011, HSBC Canada sold its full-service brokerage division, HSBC Securities (Canada) Inc., to National Bank Financial Group for Can$208 million. [6]
Royal Bank of Canada (RBC; French: Banque Royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than 100,000 employees worldwide. [ 2 ]
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.
The financial data published by the July yearly issue of The Banker are much more extensive compared to the S&P Top 100 banks, but it is not a publication intended for the general public. [citation needed] The KfW bank is manually inserted due to its assets of c. 650 billion. [3]
HSBC is exploring selling its Canada business as it resists calls from its biggest shareholder to split the bank in two. ... News. Search. Need help? Call us! 800-290-4726. Login / Join. Mail ...
Because of the recent recession, Royal Bank of Canada has now eclipsed Morgan Stanley in terms of market valuation. According to figures compiled by a recent Bloomberg report, investors today are willing to pay about $2.60 for every dollar of book value at a Canadian bank, compared with $1.70 in the United States.
HSBC's shares were flat on Tuesday, while the FTSE 100 index slipped 0.6%. HSBC shares have risen 12% in the last year, underperforming a 33% gain in Europe's benchmark STOXX index of banks ...