March 29 (Reuters) - HSBC Holdings ( HSBC ) said it
completed the sale of its Canadian unit, HSBC Bank Canada, to
Royal Bank of Canada ( RY ) on Thursday.
The completion will result in the recognition of an
estimated gain on sale of $4.9 billion in the first quarter of
2024, HSBC ( HSBC ) said in a statement on Friday.
(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by
Subhranshu Sahu)