Standard Chartered Bank of Canada explained

Standard Chartered Bank of Canada
Type:Bank
Fate:Branches merged into modern-day Bank of Montreal and Toronto-Dominion Bank, but retain advisory operations in Canada
Predecessors:-->
Founded:1969
Founders:-->
Defunct:1990s
Hq Location City:Toronto, Ontario
Hq Location Country:Canada
Areas Served:-->
Owners:-->

The Standard Chartered Bank of Canada was the Canadian banking unit of the British Standard Chartered Bank. Standard Chartered bank was created by a merger of Standard Bank of British South Africa (1862) and the Chartered Bank of India, Australia and China (1853) in 1969.[1] It quit Canada in the 1990s, selling its two retail branches to Bank of Montreal and its commercial branch to Toronto-Dominion Bank. Standard Chartered's separate metals services business Mocatta Metals was sold to Scotiabank in 1997 to form ScotiaMocatta.

Standard Chartered Bank operated two small offices in Calgary and Toronto through its acquisitions of Harrison Lovegrove & Co. and American Express Bank.

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Notes and References

  1. Web site: Our Values & Culture as an International Bank .