The transaction is also fraught with regulatory risks, analysts said, though RBC argues that HSBC's Canada business accounts for just 2% of Canadian banking market share. Still, regulators 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 ...

The transaction will result in the recognition of an estimated gain of $4.9 billion in the first quarter of 2024, HSBC said in a statement on Friday. Sign up here. RBC previously said the ...

But for this transaction, HSBC Canada’s technology systems were owned and operated by its British parent company, which wanted to keep its proprietary technology. And so RBC agreed to move ...

RBC has entered into an agreement to acquire HSBC Canada, expanding its business banking solutions arm and offering further services to its international business clients. RBC will benefit from HSBC ...

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, ...

following the transformative acquisition of HSBC Bank Canada. These changes, effective September 1, 2024, better position RBC to take advantage of its scale, speed up decision making and elevate ...

RBC added some 780,000 customers and 4,500 employees with the acquisition of HSBC Canada at the end of March, brining its total customer base to over 15 million. The leadership shuffle also comes ...

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 ...