HSBC Bank Canada
Former Canadian subsidiary of multinational bank HSBC / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about HSBC Bank Canada?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
This article is about the former bank in Canada. For the global HSBC Group, see HSBC. For other individual entities of the group, see HSBC Bank.
HSBC Bank Canada (French: Banque HSBC Canada), formerly the Hongkong Bank of Canada (HBC), was a British-Canadian chartered bank and the former Canadian subsidiary of British multinational banking and financial services company HSBC.
This article needs additional citations for verification. (January 2013) |
Quick Facts Formerly, Company type ...
Formerly | Hongkong Bank of Canada |
---|---|
Company type | Former subsidiary |
Industry | Banking |
Founded | July 1, 1981; 42 years ago (1981-07-01) |
Defunct | March 31, 2024; 29 days ago (2024-03-31) |
Fate | Acquired by the Royal Bank of Canada (RBC) |
Headquarters | 885 West Georgia Street Vancouver, British Columbia V6C 3E9 |
Key people | |
Products | Financial services |
Revenue | CA$2.22 billion (2021)[1] |
$717 million (2021)[1] | |
AUM | $224 million (2021)[1] |
Total assets | $119.85 billion (2021)[1] |
Total equity | $6.88 billion (2021)[1] |
Owner |
|
Number of employees | 5,500+ (FTE, 2020) |
Website | www |
Close
It was the seventh largest bank in Canada, with offices in every province except Prince Edward Island, and was the largest foreign-owned bank in the country. The corporate headquarters were located at the HSBC Canada Building in downtown Vancouver, British Columbia.
On March 28, 2024, the Royal Bank of Canada closed their acquisition of HSBC Canada.[2][3] Its Institution Number (or bank number) was 016.