HSBC is planning to sell part of its Canadian retail brokerage as it restructures operations globally, The Globe and Mail reports. The U.K. bank is seeking offers on the brokerage, which manages more than $30 billion of investors’ money.
The financial statements are now being reviewed by at least one interested bidder and a deal could be finalized in the near future. Quebec-based National Bank Financial may be among those interested.
Click here for the story from The Globe and Mail.