The transaction is expected to complete in late 2023 and will result in a pre-tax gain of $5.7-billion for HSBC, the bank said in a statement
The sale comes as HSBC pursues a strategy of focusing its resources on its core markets, amid pressure from its biggest shareholder Ping An to improve its performance.
The deal enables RBC to grab further market share in its home market, adding 130 branches and more than 780,000 retail and commercial customers.Checking box will enable automatic data updates
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Sunday deals: Best Black Friday discounts on Amazon Canada 2022Consider this space your go-to space for the very best Amazon Canada Black Friday deals.
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