The transaction will result in the recognition of an estimated gain of $4.9 billion in the first quarter of 2024, HSBC said in a statement on Friday. RBC...
- HSBC Holdings said it completed the C$13.5 billion sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada on Thursday.
RBC previously said the acquisition, which merges Canada's biggest and seventh-biggest lenders, will boost its domestic business as well as its position on the global stage. Deals of this size in the banking sector have not been attempted in Canada since the early 1990s when RBC's bid for Bank of Montreal was blocked by regulators.Meme-stock mania comes roaring back to leave Donald Trump's Truth Social owner TMTG worth more than Etsy or Hasbro
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RBC to convert HSBC locations as soon as takeover closes next weekBranches and offices being converted into RBC locations will reopen on April 1
Read more »
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....
Read more »
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.
Read more »
RBC to close 25 HSBC locations, convert others once takeover closes next weekTORONTO — Royal Bank of Canada says it will be closing 25 HSBC Bank Canada branches and rebranding dozens more after its takeover deal closes next week.
Read more »
RBC to close 25 HSBC locations, convert others once takeover closes next weekRoyal Bank of Canada says it will be closing 25 HSBC Bank Canada branches and rebranding dozens more after its takeover deal closes next week.
Read more »
RBC analyst reiterates his top picks across the Canadian real estate sectorDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Read more »