Lloyds Bank of Canada was formed in 1986 when Lloyds Bank Plc of the United Kingdom purchased the Continental Bank of Canada. This bank had been formed earlier in the 1980s when IAC, a financing company, decided to expand the scope of operations.
In 1990, after several years of losses, Lloyds Bank sold its Canadian operations to the Hongkong Bank of Canada, a subsidiary of London-based HSBC Holdings Plc. In 1999, HBC changed its name to HSBC Bank Canada, consistent with HSBCs strategy of creating the global brand.
Famous quotes containing the words bank and/or canada:
“I have passed down the river before sunrise on a summer morning, between fields of lilies still shut in sleep; and when, at length, the flakes of sunlight from over the bank fell on the surface of the water, whole fields of white blossoms seemed to flash open before me, as I floated along, like the unfolding of a banner, so sensible is this flower to the influence of the sun’s rays.”
—Henry David Thoreau (1817–1862)
“I fear that I have not got much to say about Canada, not having seen much; what I got by going to Canada was a cold.”
—Henry David Thoreau (1817–1862)