HSBC to divest HSBC Canada to Royal Bank of Canada for $10bn

Raghuram Kadari- November 30, 2022

HSBC Holdings, through its wholly-owned subsidiary HSBC Overseas Holdings (UK), has agreed to sell HSBC Canada to the Royal Bank of Canada (RBC) for a ... Read More

HSBC Insurance (Asia-Pacific) to acquire AXA Singapore for $575m

Pallavi Madhiraju- August 17, 2021

HSBC has signed an all-cash deal worth $575 million through its fully-owned subsidiary — HSBC Insurance (Asia-Pacific) to acquire AXA Insurance Pte Limited (AXA Singapore), ... Read More

HSBC to offload French retail banking business to My Money Group

Pallavi Madhiraju- June 19, 2021

HSBC Continental Europe (formerly HSBC France) will divest its French retail banking business to Cerberus Capital Management-controlled My Money Group for a nominal price of ... Read More