RBC to convert HSBC locations as soon as takeover closes next week

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RBC to convert HSBC locations as soon as takeover closes next week
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TORONTO — Royal Bank of Canada is planning to turn its soon-to-be-acquired HSBC Bank Canada properties into RBC locations immediately after taking ownership....

TORONTO — Royal Bank of Canada is planning to turn its soon-to-be-acquired HSBC Bank Canada properties into RBC locations immediately after taking ownership.

RBC announced plans to purchase HSBC Bank Canada in November 2022. At the time, HSBC had about 130 branches and 4,200 employees.NEW YORK — Stocks extended their push to record highs Thursday on Wall Street, led by big gains in chipmakers. The S&P 500 rose 0.6% in morning trading Thursday, following up on hitting a record high for a second straight day. More than 80% of stocks in the index gained ground. The Dow Jones Industrial Average rose 266 points, or 0.7% as of 9:59 a.m. Eastern.

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