Advertisement
Singapore markets closed
  • Straits Times Index

    3,332.80
    -10.55 (-0.32%)
     
  • Nikkei

    39,583.08
    +241.54 (+0.61%)
     
  • Hang Seng

    17,718.61
    +2.14 (+0.01%)
     
  • FTSE 100

    8,164.12
    -15.56 (-0.19%)
     
  • Bitcoin USD

    60,710.17
    +79.80 (+0.13%)
     
  • CMC Crypto 200

    1,262.46
    -21.37 (-1.66%)
     
  • S&P 500

    5,460.48
    -22.39 (-0.41%)
     
  • Dow

    39,118.86
    -45.20 (-0.12%)
     
  • Nasdaq

    17,732.60
    -126.08 (-0.71%)
     
  • Gold

    2,336.90
    +0.30 (+0.01%)
     
  • Crude Oil

    81.46
    -0.28 (-0.34%)
     
  • 10-Yr Bond

    4.3430
    +0.0550 (+1.28%)
     
  • FTSE Bursa Malaysia

    1,590.09
    +5.15 (+0.32%)
     
  • Jakarta Composite Index

    7,063.58
    +95.63 (+1.37%)
     
  • PSE Index

    6,411.91
    +21.33 (+0.33%)
     

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)