TORONTO — RBC is reopening HSBC Canada branches under its own brand on Monday after closing its takeover of the bank last week. Ahead of the deal closing...
TORONTO — RBC is reopening HSBC Canada branches under its own brand on Monday after closing its takeover of the bank last week.
The $13.5-billion acquisition of what was Canada's seventh-largest bank means RBC has taken on about 4,500 employees and 780,000 clients. He says RBC will be keeping important global banking capabilities in Canada while expanding them to all of the bank's clients.Critics of the takeover have said it will affect consumer choice and competition in Canada's already concentrated banking sector.DJT Stock Falls 24% as Trump Stands to Get More Shares of His Media Company
Trump Media & Technology Group lost more than $58 million in 2023, the company said in a filing, sending shares reeling less than a week after the Truth Social parent went public through a high-profile blank-check merger. "As of December 31, 2023 and 2022, management has substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due, including liabilities related to promissory notes previously issued by TMTG," the company said.
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RBC to convert HSBC locations as soon as takeover closes next weekTORONTO — Royal Bank of Canada is planning to turn its soon-to-be-acquired HSBC Bank Canada properties into RBC locations immediately after taking ownership....
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RBC to convert HSBC locations as soon as takeover closes next weekBranches and offices being converted into RBC locations will reopen on April 1
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HSBC completes sale of Canadian unit to RBCRBC had said the acquisition, which merges Canada’s biggest and seventh-biggest lenders, will boost its domestic business as well as its position on global stage
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