In 1979, foreign banks were allowed to receive charters and London-based Barclays Bank established a new Canadian subsidiary, Barclays Bank of Canada, which was reorganised into commercial banking and corporate banking divisions in 1989 and bought by Hongkong Bank of Canada in 1996.
Foreign banks were allowed to receive charters. This was in 1979. Foreign banks were allowed to receive London-based Barclays Bank and bought by Hongkong Bank of Canada in 1996. This was in 1979. This Barclays Bank was established a new Canadian subsidiary. Barclays Bank of Canada was a new Canadian subsidiary. A new Canadian subsidiary was reorganised into commercial banking and corporate banking divisions in 1989. Barclays Bank of Canada was a new Canadian subsidiary.