HSBC Exploring Sale of Canadian Unit for Latest Disposal (1)

HSBC Holdings Plc is exploring a sale of its operations in Canada, the latest move to streamline the lender that is seeking to head off a call by its largest shareholder to split up.

A potential sale of HSBC’s 100% equity stake in HSBC Bank Canada is among the options being explored, the lender said in a statement. The review is at an early stage and no decisions have been made, the bank said.

“We are currently reviewing our strategic options with respect to our wholly owned subsidiary in Canada,” HSBC said in a statement. “HSBC regularly reviews its businesses ...