Advertisement
Canada markets open in 6 minutes
  • S&P/TSX

    21,953.80
    +78.01 (+0.36%)
     
  • S&P 500

    5,509.01
    +33.92 (+0.62%)
     
  • DOW

    39,331.85
    +162.33 (+0.41%)
     
  • CAD/USD

    0.7327
    +0.0016 (+0.22%)
     
  • CRUDE OIL

    83.01
    +0.20 (+0.24%)
     
  • Bitcoin CAD

    82,125.76
    -3,652.70 (-4.26%)
     
  • CMC Crypto 200

    1,285.47
    -49.45 (-3.70%)
     
  • GOLD FUTURES

    2,362.10
    +28.70 (+1.23%)
     
  • RUSSELL 2000

    2,033.87
    +3.81 (+0.19%)
     
  • 10-Yr Bond

    4.4040
    -0.0320 (-0.72%)
     
  • NASDAQ futures

    20,219.00
    -36.25 (-0.18%)
     
  • VOLATILITY

    12.12
    +0.09 (+0.75%)
     
  • FTSE

    8,161.63
    +40.43 (+0.50%)
     
  • NIKKEI 225

    40,580.76
    +506.07 (+1.26%)
     
  • CAD/EUR

    0.6792
    -0.0008 (-0.12%)
     

Factbox-RBC's $10 billion bid for HSBC unit to set record for Canada bank deals

FILE PHOTO: Logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong

TORONTO (Reuters) - HSBC's planned sale of its Canadian business to Royal Bank of Canada (RBC) for C$13.5 billion ($10 billion) would make it Canada's largest banking deal, according to data from Dealogic.

Below is a list of the top 10 deals announced prior to HSBC:

*Aug 29, 2012 - Bank of Nova Scotia agreed to buy ING Groep's Canadian online bank for C$3.1 billion.

*Dec 22, 2000 - Ontario Teachers' Pension Plan and Cadillac Fairview Corp buy out Toronto-Dominion Bank's real estate portfolio for $844 million.

*Jun 29, 2016 - Laurentian Bank of Canada purchases Canadian equipment financing and corporate financing activities of CIT Group Inc, a portfolio of approximately C$1 billion.

ADVERTISEMENT

Mar 26, 2002 - Brascan Corp launched a bid for 30% of Trilon Financial Corp for $487 million.

Jul 14, 2008 - Bank of Nova Scotia purchased 100% of Canadian operations of U.S. online brokerage E*Trade Financial Group Inc for $438 million.

Nov 22, 2001 - Merrill Lynch's Canadian retail stock brokerage, asset management and securities services acquired by Canadian Imperial Bank of Commerce.

Oct 14, 2020 - Simply Green Home Services Inc acquired SNAP Financial Group Inc. For $389 million making Simply Group' one of Canada's biggest non-bank suppliers of consumer credit.

Feb 7, 2022 - Equitable Group Inc to acquire 100% of Concentra Bank for $370 million. The deal is still pending completion.

Aug 29, 1996 - Royal Bank of Canada said it planned to buy Richardson Greenshields of Canada Ltd. for $351 million.

Mar 4, 2010 - Canaccord Financial Inc signed a definitive agreement to buy Genuity Capital Markets for $330 million.

(Reporting by Maiya Keidan; Editing by Nick Zieminski)