The Wall Street Journal
HSBC Considers Sale of Canadian Unit
Banking giant HSBC is considering selling out of Canada—part of a broader retreat in North America as the bank shifts its focus to Asia. The London-based bank is at an early stage of reviewing options for HSBC Bank Canada, including a potential sale, HSBC said Tuesday. HSBC owns 100% of the unit, which includes retail, commercial and investment banking, and which says it is Canada’s seventh-largest bank. “HSBC regularly reviews its businesses in all its markets,” HSBC said in a statement. “We ar