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

Royal Bank of Canada signs deal to buy HSBC Canada for $13.5 billion

RBC says it expects to close the deal by late 2023 subject to customary conditions including regulatory approvals.

HSBC agrees to sell its business in Canada to Royal Bank of Canada for $10 billion

HSBC has agreed to sell its business in Canada to the Royal Bank of Canada for $10 billion – a deal that has the potential to make RBC one of the leading players in the banking market. According to Reuters, six lenders currently control over 80 per cent of outstanding loans in the world and this deal will add RBC to the illustrated list.

Royal Bank of Canada signs deal to buy HSBC Canada for $13.5 billion

By Ian Bickis in TorontoRoyal 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. The acquisition, at a scale not seen in Canada in decades, would secure RBC’s spot as the country’s largest bank as it looks to establish itself as the hub for a more globalized clientele. “It’s a unique, once-in-a-generation opportunity to leverage all the investments we’ve already mad…

RBC to buy HSBC Canada for $13.5 billion

La Banque Royale du Canada (RBC) a annoncé, mardi, l’acquisition de la filiale canadienne du géant britannique HSBC pour 13,5 milliards $.

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.

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