RBC 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
HSBC Holdings PLC said it completed the $13.5-billion sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada
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. The merger, RBC’s biggest, overcame opposition from environment and anti-monopoly groups as well as conservatives, who lamented the increasing concentration of the industry and the possibility of higher fees for consumers.
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.
HSBC completes sale of Canadian unit to RBCThe 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...
Read more »
HSBC completes sale of Canadian unit to RBCExplore stories from Atlantic Canada.
Read more »
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 »