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 ...

London-based HSBC's international presence is a major selling point for the Royal Bank of Canada's decision to buy the bank's Canadian unit. (Kerem Uzel/Bloomberg) Royal Bank of Canada has agreed ...

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 ...

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 ...

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 ...

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.

The field of contenders to acquire HSBC Bank Canada is narrowing, with at least two major Canadian banks now out of the running. National Bank of Canada NA-T is no longer in the auction for the ...

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

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 ...