HSBC says $13.5B sale to RBC will close in early 2024
HSBC says it expects the sale of its Canadian operations to RBC to officially close in the first quarter of 2024 after the transaction passed its final hurdle on Thursday with the approval of Finance Minister Chrystia Freeland.
![HSBC says $13.5B sale to RBC will close in early 2024](https://i.cbc.ca/1.6668157.1684779794!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/hsbc-bank-turkey.jpg)
![A customer uses an automated teller machine (ATM) outside an HSBC Holdings Plc bank branch in the Nisantasi district of Istanbul, Turkey, on Thursday, June 11, 2015. The Islamic-rooted AK Party failed to maintain its parliamentary majority in Sunday's election for the first time in more than a decade. Photographer: Kerem Uzel/Bloomberg A woman uses an ATM machine.](https://i.cbc.ca/1.6668157.1684779794!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/hsbc-bank-turkey.jpg)
HSBC says it expects the sale of its Canadian operations to RBC to officially close in the first quarter of 2024 after the transaction passed its final hurdle on Thursday with the approval of Finance Minister Chrystia Freeland.