HSBC exploring sale of its ‘very strong’ Canadian business
While a relatively small part of HSBC’s overall business, HSBC Bank Canada made $490 million before taxes in the first half of 2022, according to its second quarter earnings release.
HSBC Bank Canada divisions include Commercial Banking, Global Banking & Markets, and Wealth and Personal Banking.It is the seventh largest bank in Canada and operates more than 130 branches across the country.
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