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Royal Bank of Canada to acquire HSBC Canada for C$13.5 billion in cash

Summary by Ground News
Royal Bank of Canada has agreed to pay $13.5-billion in cash for HSBC Bank Canada in what is the largest domestic banking deal on record.
Published 2 months ago · Toronto, Canada

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Canadian regulators to review sale of HSBC's Canada business to RBC

Canadian regulators will review the sale of HSBC's business in Canada to Royal Bank of Canada for C$13.5 billion ($10 billion) in cash, the Canadian government's finance ministry said on Tuesday.

2 months ago·United Kingdom
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HSBC quits Canada, selling its business to RBC for £8.4bn

London-headquartered bank has been struggling to navigate political pressure from both Beijing and the west

2 months ago·London, United Kingdom
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Royal Bank of Canada signs deal to buy HSBC Canada for $13.5B

Royal Bank of Canada has signed a deal to acquire HSBC Bank Canada for $13.5 billion in cash.

2 months ago·Toronto, Canada
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RBC to take over HSBC Canada in biggest ever deal for a domestic bank

Royal Bank of Canada has signed a deal to acquire HSBC Bank Canada for $13.5 billion in cash.

2 months ago·Canada
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HSBC to sell Canada business for more than £8 billion

HSBC has agreed to sell its business in Canada for 13.5 billion Canadian dollars (£8.4 billion) as it continues a spat with a major investor who wants to break up the global bank.

2 months ago·Ireland
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HSBC eyes bumper dividend from $10 billion sale of Canada business to RBC

British bank HSBC said on Tuesday it had agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars ($10.04 billion) in cash.

2 months ago·United States
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+2
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