HHBV was able to buy Quebecor's European business for 135 million [euro] ($170 million) in June.
But the second part of the plan had to be abandoned in September after HHBV failed to raise funds on the financial markets for the acquisition of RSDB, which, after being combined with the Quebecor operation, would have formed a pan-European printing giant.
HSBC, with total consolidated assets of $497 billion is the largest banking organization headquartered in the United Kingdom and is the eighth largest banking organization in the world.(5) HSBC operates subsidiary banks in New York State and California that control deposits of $22.1 billion.(6) Three of HSBC's non-U.S, subsidiary banks also maintain branches in the U.S.(7) HSBC, HFN, and
HHBV also engage in a broad range of permissible nonbanking activities in the United States through subsidiaries, including underwriting and dealing in debt and equity securities to a limited extent.