Royal Bank of Canada said Tuesday it has reached an agreement to acquire HSBC Canada for C$13.5 billion ($10.1 billion) in cash. "This acquisition builds on our core domestic retail business and ...

The approval from Finance Minister Chrystia Freeland comes with conditions on RBC, including that none of HSBC Canada's 4,000 employees be fired within six months of the closing date — or two ...

HSBC’s financials have remained fairly strong. The major banking institution announced earnings for Q1 2025 that exceeded ...

Shares of HSBC Holdings HSBC have gained more than 17% since it divested its Canadian unit to Royal Bank of Canada RY for C$13.5 billion on March 29, 2024. In the same time frame, the industry has ...

HSBC Bank’s decision to exit the Canadian marketplace in 2022 caught the attention of the country’s financial sector. It was the seventh largest lender in Canada and its affluent, globally ...

The dream scenario Big Six bank chiefs used to salivate over has come true: HSBC Bank Canada, the country’s seventh-largest lender, is up for sale. Yet with the auction already in motion ...

CEO of HSBC Private Wealth Services (Canada). For HSBC, the Canadian private wealth management market represents a significant opportunity. The country enjoys a good reputation for socioeconomic ...

HSBC’s Canada sale is both pleasing and puzzling for investors in the $122 billion British lender. RBC is paying $10 billion for HSBC Canada, or three times its Sept. 30 tangible book value.

Understandably global banks find Canada an attractive private banking hub. For HSBC, Canada is “one of the jewels in the crown” globally, according to Nader Guirguis, CEO of HSBC Private ...

She was appointed chief compliance officer for HSBC Bank Canada in 2020 and moved to RBC earlier this year after it acquired HSBC's domestic unit for $10 billion. Stavridis will be tasked with ...

RBC pledged to keep HSBC staff for at least six months RBC's acquisition of HSBC's Canadian business closed in March Some staffers say they lack clarity on roles, futures Analyst says RBC may take ...

TORONTO (Reuters) -Some Royal Bank of Canada employees who joined when the bank acquired HSBC Canada worry they could lose their jobs when RBC's six-month guarantee to keep them expires this month ...