The Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more.
, McKay said this transaction positions RBC to be the “bank of choice” for commercial clients with international needs, affluent clients looking for global banking and wealth management services, as well as newcomers to Canada.
. “The deal makes strategic sense for both parties, and RBC will take the business to the next level. We look forward to working closely with RBC’s leadership team to ensure a smooth transition for our clients and colleagues.”Linda Seymour, president and chief executive officer at HSBC Canada, said in athat there will be no change for now with the company’s operations. In a note to customers, HSBC Canada noted there would be a transition period spanning several months as the businesses converge.
“The transaction is, of course, subject to regulatory approvals,” Dechaine said in a Nov. 29 note. “A big question facing ’s pursuit of HSBC Canada is feedback from the Competition Bureau. We estimate will be increasing its current 21 per cent domestic market share in loans and deposits by about 200 each.”
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Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more.
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Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more.
Read more »
Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more.
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Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionRBC says the purchase price is 9.4 times HSBC Canada's adjusted 2024 earnings of $1.4 billion; the deal is expected to close by late-2023
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Royal Bank of Canada signs deal to buy HSBC Canada for $13.5 billionRoyal Bank of Canada has signed deal to acquire HSBC Bank Canada for $13.5 billion in cash.
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Royal Bank of Canada signs deal to buy HSBC Canada for $13.5 billionRoyal Bank of Canada has signed deal to acquire HSBC Bank Canada for $13.5 billion in cash.
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