HSBC Canada sale possible
There’s word one of the world’s biggest banks might be selling its Canadian brokerage business.
HSBC manages more than $30 billion of investors’ money.
The financial statements are now being reviewed by at least one interested party and a formal deal could be coming soon.
The British-based bank has said it will lay off 30,000 people worldwide by 2013 and has been shedding assets, including branches and its U.S. credit card unit.
