An HSBC signage at the bank’s branch in Hong Kong. — Bloomberg
HSBC Holdings said it completed the C$13.5 billion ($9.96 billion) sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada (RBC) on Thursday.
The transaction will result in the recognition of an estimated gain of $4.9 billion in the first quarter of 2024, HSBC said in a statement on Friday.
