HSBC Holdings has successfully concluded the sale of its Canadian branch, HSBC Bank Canada, to the Royal Bank of Canada (RBC), with the transaction valued at C$13.5 billion ($9.96 billion).
![The RBC head office in downtown Ottawa. PHOTO: Alex Tétreault](https://krugmaninsights.com/wp-content/uploads/2024/01/180621-ate-rbc-bank-sparks-street-3-1024x683.webp)
This significant sale, finalized on a Thursday, is poised to bring an estimated gain of $4.9 billion to HSBC in the first quarter of 2024, according to a statement released by the