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In 2000, HSBC Bank Canada acquired Republic National Bank of New York (Canada) after HSBC acquired the parent bank. [5] Republic had entered Canada in 1982, and was an amalgamation of several banks. Republic's purchases included Bank Leumi Le Israel (Canada) in 1993; Israel-based Bank Hapoalim (Canada) in 1994; and Israel Discount Bank of ...
Royal Bank of Canada (RBC; French: Banque Royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than 100,000 employees worldwide. [ 2 ]
Merged into Imperial Bank of Canada in 1956 and Hongkong Bank of Canada, now known as HSBC Bank Canada, in 1996. British Canadian Bank 1882 1884 Incorporated as the North-Western Bank. Changed name in 1883. Closed. [91] Canadian Bank of Commerce: 1867 1961 Merged with the Imperial Bank of Canada to form the Canadian Imperial Bank of Commerce. [92]
HSBC's planned sale of its Canada banking business to Royal Bank of Canada (RY) for CA$13.5 billion will enhance the former's CET1 ratio by 130 bps. HSBC Rises 4.1% on Canada Unit Sale to Royal ...
HSBC is the official banking partner of the Wimbledon Championships tennis tournament, providing banking facilities on site and renaming the junior event as the HSBC Road to Wimbledon National 14 and Under Challenge. [288] HSBC's other sponsorships are mainly in the area of education, health and the environment.
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The bank sold EDULINX Canada Corporation to Nelnet Canada Inc., the Canadian unit of Nelnet, Inc., in late 2004. Li Ka Shing was the largest foreign shareholder in the bank for over two decades, but in early 2005 he sold his portion (est. CA$1.2 billion) to establish a Canadian charity, the Li Ka Shing Foundation.
The building's primary tenant was the headquarters of HSBC Bank Canada, the former Canadian subsidiary of HSBC. The skyscraper, built on the site of the former Hotel Devonshire (built 1925 and demolished 1981), was originally designed by WZMH Architects for the Bank of British Columbia. The assets of the Bank of British Columbia were acquired ...