What is National Bank?

The National Bank of Canada is a financial institution with a colourful history. The National Bank of Canada has grown into one of the six largest banks in all of Canada with more than 546 branch locations, as well as international offices located in major cities such as New York, Paris, Hong Kong and Beirut. It is the best option for clients who want access to their money from any part of the nation. It was officially established in 1979, when the Bank Canadian National and The Provincial Bank of Canada merged. From this point forward the bank continued to grow into the booming financial institution that it is today. With a large selection of services offered, the National Bank of Canada is one of the premier choices for those looking for a stable bank to do business with.
This article will summarize the different products and services that National Bank of Canada provides clients, updated financial information as of January, 2012 and the recent acquisition of the full service Investment Advisory business of HSBC Securities Canada, Incorporated.

What Services does National Bank Provide

National Bank of Canada is an integrated financial group with the mission of providing comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. It offers a full array of banking services, including all the investment banking services required by large corporations. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management.

“There are various accounts and packages that an individual can choose from when setting up their personal account, so most anyone will be able to choose an account that will work best for them. The National Bank of Canada also offers services such as mortgages, investments, asset management, insurance, personal loans and other lines of credit for those looking for a financial institution that can provide all of their needs in one place.”

Pls See Links: ic.gc.ca and bankingcanada.net

What is the Recent Acquisition of National Bank of Canada?

National Bank has just completed the acquisition of the Full Service Investment Advisory Business of HSBC Securities (Canada) Inc.

The following are excerpts from the announcement of said acquisition,
MONTREAL, QUEBEC--(Marketwire - Jan. 3, 2012) - National Bank of Canada ("National Bank" or the "Bank") (TSX:NA) announced today that the Bank has completed its acquisition of the full service investment advisory business of HSBC Securities (Canada) Inc. ("HSBC Securities") and certain assets related to the segregated fund and insurance business of HSBC Securities Insurance Agency (Canada) Inc.
The transaction is another major step in implementing National Bank's strategy to expand across Canada and add scale to its wealth management platform. When combined with the recently completed acquisition of Wellington West, the Bank's brokerage arm, National Bank Financial ("NBF"), through its 1,030 advisors, now manages $80 billion in assets on behalf of more than 350,000 clients.
"We are pleased to welcome HSBC Securities' full service investment advisory clients, investment advisors and employees to our growing family across Canada" said Luc Paiement, Executive Vice President, Wealth Management, Co-President and Co-CEO of NBF. "With the recent acquisitions, we are now one of the largest brokerage firms in Canada and well positioned to serve the wealth management needs of investors in every community across the country".

What are the Bank’s Financial Assets?

National Bank Financial has assets of more than $80 billion. It is a fully-integrated investment dealer combining retail advisory and brokerage services with institutional brokerage, investment banking, corporate finance, and securities clearing for third parties. National Bank Financial services more than 350,000 clients. Its Financial Markets division has a major presence in Toronto, Calgary, Vancouver and Montreal, as well as operations in the United States and Europe.

Pls See: marketwire.com

Advantage of National Bank of Canada

The National Bank of is now one of the leading institutions in Canada. Consumers and business corporations can check out its assortment of services that will suit their respective requirements and demands. The bank is stable and has diversified into other fields as well.