HSBC sale delayed
The Canadian Press – May 2, 2023 / 9:14 am | Stories: 424569

Photo: The Canadian Press
HSBC Holdings plc says the sale of its Canadian division to Royal Bank of Canada is going to take longer than first expected, but that the deal remains a key priority.
London-based HSBC says it now expects to complete the $13.5-billion transaction in the first quarter of 2024, rather than late this year as it guided when it announced the deal last November.
The bank says the later close is to ensure a smooth transition, while several other recent bank



