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On 25 April 2011, HSBC decided to shut down its retail banking business in Russia and reduce its private banking presence to a representative office. [66] HSBC announced renaming of its Personal Financial Services (PFS) business group to Retail Banking and Wealth Management (also known as RBWM) on HSBC's 2011 Investor Day. [67]
On June 1, 2004, HSBC Bank Canada completed its acquisition of Intesa Bank's Canadian unit, which had 11 branches and total assets of Can$1.1 billion. On September 20, 2011, HSBC Canada sold its full-service brokerage division, HSBC Securities (Canada) Inc., to National Bank Financial Group for Can$208 million. [6]
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] Founded in 1864 in Halifax, Nova Scotia, it maintains its corporate headquarters in ...
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HSBC Finance Corporation is a financial services company and a subsidiary of HSBC Holdings. It is the sixth-largest issuer of MasterCard and Visa credit cards in the United States. HSBC Finance Corporation was formed from the legal entity that had been known as Household International—shortly after Household International settled for US$486 ...
British bank HSBC's pretax profits surged to a record high of $30.3 billion in 2023—up nearly 80% from a year earlier, thanks to elevated interest rates.
Canada has a strong co-operative financial services sector, which consists of credit unions (caisses populaires in Quebec and other French speaking regions). At the end of 2001, Canada's credit union sector consisted of 681 credit unions and 914 caisses populaires, with more than 3,600 locations and 4,100 automated teller machines. [45]
The RBC Place (formerly HSBC Canada building) is a 23-storey office tower in the city's downtown core of Vancouver, British Columbia, Canada. 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 ...