HSBC mulls sale of $7bn Canada business - report

Mark Battersby

4th October, 2022

1 min read

HSBC Holdings is considering the sale of its huge businesses in Canada in what would mark a significant retreat from its presence in North America.

A report on Sky News said that HSBC's board has instructed investment bankers at JP Morgan to sound out prospective buyers of its business in the country.

Sources said a sale would represent a substantial deal - both financially and symbolically - for HSBC.

One analyst suggested that the value of its Canadian subsidiary could be in the region of $7bn.

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Mark Battersby

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Eric Sturdza Investments, an independent asset management firm providing active strategies to institutional and professional clients, has launched the Strategic Vietnam Prosperity Fund, providing exposure to an Asian equity market that is "poised to record significant economic expansion". In a statement on 13 December, it said Vietnam benefits from the trend in China, and globally, […]

How to get visas for EU countries - and how much money is needed

Jason Porter

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The majority of UK nationals who are considering acquiring a holiday home in Europe, or those who might want to go a stage further and retire there, will quickly realise the most noticeable change in the relationship between the UK and the EU since Brexit is how restricted we are now in entering the EU, […]

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Mark Battersby

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Evelyn Partners has launched a financial planning graduate programme, which will welcome its first cohort in September 2024. In a statement on 3 January, the wealth management and professional services group said the scheme will teach recruits how to build relationships with clients, assess their complete financial position, build flexible plans and provide appropriate recommendations […]