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TD Bank, RBC interested in HSBC Canadian unit

Toronto-Dominion Bank and Royal Bank of Canada are vying to buy HSBC Holdings’ Canadian operations, if these wer for sale. European financial-services firms including Royal Bank of Scotland Group and Standard Life are selling North American assets, prompting analysts to speculate on opportunities for domestic banks. Standard Life has agreed to sell its Canadian unit to Manulife Financial Corp for about C$4 billion ($3.6 billion). An HSBC spokesperson in Toronto said Canada is a ‘priority growth market’ and that its operations in the country are not for sale. The lender has 145 branches and more than 5,500 workers in Canada.

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