National Bank of Canada (NA.TO), opens new tab and Canadian Imperial Bank of Commerce (CIBC) (CM.TO), opens new tab have dropped out as bidders for HSBC Holdings PLC's (HSBA.L), opens new tab ...

Royal Bank of Canada has entered an agreement to buy HSBC Holdings PLC’s Canadian business in a $13.5-billion cash deal that will pad RBC’s lead as Canada’s largest bank, assuming regulators give the ...