Bidders for HSBC Canada narrow after first round of bidding - report

Oct. 31, 2022 8:24 AM ETBank of Montreal (BMO), BNS, TD, RY, CM, HSBC, NTIOF, BMO:CA, BNS:CA, CM:CA, NA:CA, RY:CA, TD:CACOWN, FHNBy: Liz Kiesche, SA News Editor5 Comments

HSBC bank logo on a jet bridge at Toronto Pearson Int"l Airport.

JL Images/iStock Editorial via Getty Images

At least two major Canadian banks have dropped out of the bidding for HSBC's (NYSE:HSBC) Canadian franchise, The Globe and Mail reported, citing people familiar with the process.

National Bank of Canada (

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