TORONTO, Oct 4 (Reuters) – HSBC is working with JPMorgan Chase & Co because the UK lender opinions its Canada enterprise for a possible sale, a supply conversant in the matter advised Reuters on Tuesday.
Earlier, HSBC stated it’s contemplating promoting its enterprise in Canada, price billions of {dollars}, because it appears to beef up returns as demanded by its largest shareholder. learn extra
JPMorgan and HSBC declined to remark.
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Reporting by Saeed Azhar in New York and Lawrence White in London; Further reporting by Divya Rajagopal in Toronto; Enhancing by Chris Reese
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