UK

HSBC sells Canadian banking operations to Royal Bank of Canada for $10.1b

The bank expects to generate an estimated pre-tax gain of $5.7b.

HSBC sells Canadian banking operations to Royal Bank of Canada for $10.1b

The bank expects to generate an estimated pre-tax gain of $5.7b.

HSBC to close 114 branches in the UK

Some of the closing branches serve less than 250 customers a week.

Weekly Global News Wrap: HSBC sells Russia business to Expobank; Julius Baer to freeze hiring

And HSBC’s UK unit plans to stop collecting gender data as part of inclusivity push.

HSBC exits US mass market retail banking, sells 90 branches

All personal, advance, and retail business banking customers with turnover below $5m are affected.