Royal Bank of Canada’s purchase of the Canadian unit of HSBC Holdings Plc received the approval of the country’s antitrust body, which said the deal doesn’t violate competition law.

RBC’s HSBC Canada deal positions it as the bank of choice for newcomers and commercial clients with international needs. RBC clients gain access to HSBC’s trade finance and cash management ...

Royal Bank of Canada reports net income of C$16.2bn for the year ended 31 October 2024, up 11% from the prior year. The inclusion of HSBC Canada increases net income by C$453m. Adjusted net income ...

RBC buying HSBC Canada for $13.5B Royal Bank of Canada has signed a deal to acquire HSBC Bank Canada for $13.5 billion in cash. HSBC has 130 branches and 4,200 full-time equivalent employees in Canada ...

RBC’s $10 Billion Deal for HSBC Canada Wins Government Approval Canadian government adds conditions on jobs, home financing RBC struck deal for Canada’s seventh-largest bank last year ...

HSBC’s footprint makes it the seventh-largest lender in Canada. RBC is first — and the transaction will bolster the bank with nearly $100 billion in assets, 130 branches and roughly 780,000 ...

Royal Bank of Canada RY-T is buying HSBC Bank Canada for $13.5-billion, bolstering RBC’s position as the country’s largest bank with a deal that could reshape its competitive position against ...

RBC first announced its proposed takeover of HSBC Canada in November 2022, with a price tag of $13.5 billion. HSBC Canada has said it expects the deal to close in the first quarter of 2024. The bureau ...

HSBC Canada will transfer 130 branches to RBC. Photo: Ringo Chiu /Associated Press. Royal Bank of Canada RY 0.38 % increase; green up pointing triangle said it would pay US$10.1 billion for HSBC ...

Royal Bank of Canada's swift move to buy HSBC's Canada unit for C$13.5 billion ($10 billion) strengthens its pole position at home, but faces a long road to clear regulatory challenges.

RBC told Reuters it found roles for nearly 80% of HSBC Canada's former workforce of 4,500 people. That equates to roughly 3,600 workers, including corporate and retail staff.