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Nov 29, 2022 · 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. The acquisition, at a scale not seen in Canada in decades...
In November 2022, HSBC announced the exit of the Canadian market. Royal Bank of Canada (RBC) will acquire 100% of the common shares of HSBC Canada for an all-cash purchase price of $13.5 billion, which is a multiple of 9.4 times HSBC Canada's estimated 2024 earnings.
Feb 9, 2024 · HSBC Bank Canada (HSBC), which stands for the Canadian division of Hongkong and Shanghai Banking Corporation, was bought by the Royal Bank of Canada (RBC) in a deal that was approved by Deputy...
Mar 13, 2024 · On April 1, 2024, migration of HSBC products and services to RBC is expected to be complete. HSBC branch offices will serve customers as RBC locations. HSBC Canada customers will gain...
You can now access your line of credit funds at an RBC branch. Access to the funds through ATMs, in stores at point-of-sale terminals, RBC Online Banking and RBC Mobile app will be available on April 3. Former HSBC Bank Canada branches that were converted to RBC Royal Bank branches have reopened.
Find local HSBC Bank branch and ATM locations in Ottawa, Ontario with addresses, opening hours, phone numbers, directions, and more using our interactive map and up-to-date information.
Nov 29, 2022 · Royal Bank of Canada has agreed to buy the Canadian arm of mutinational bank HSBC for $13.5 billion in cash. RBC chief executive Dave McKay said the deal offers the opportunity to add a ...
Nov 29, 2022 · Today HSBC Holding plc and the Royal Bank of Canada (RBC) have announced that they have concluded an agreement for the sale of HSBC Bank Canada (HSBC) to RBC, subject to the necessary regulatory approvals.
Dec 21, 2023 · Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, pursuant to her authorities under the Bank Act, approved the sale of HSBC Bank Canada (HSBC) to Royal Bank of Canada (RBC), subject to strict terms and conditions imposed on RBC.
Sep 1, 2023 · Royal Bank of Canada has obtained approval from the Competition Bureau for its proposed acquisition of HSBC Bank Canada. After an extensive review, The Competition Bureau said the deal likely won...
