HSBC is Bidding Farewell to its Canadian Customers
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British bank HSBC used to bill itself as "the world's local bank," but the emphasis is increasingly on local and less on the world part of the equation.
On Tuesday, the gigantic financial institution agreed to sell its Canadian business to the Royal Bank of Canada for a hefty cash sum worth roughly $10 billion, HSBC's latest step back from the global arena.
Source Fool.com
