HSBC Canada to be Acquired by RBC for $13.5-billion (Subject to Regulatory and Government Approvals)

The Globe and Mail | James Bradshaw | Nov 29, 2022 Subject to regulatory and government approvals, Royal Bank of Canada is buying HSBC Bank Canada for $13.5-billion in cash in the largest deal ever reached between two domestic banks in the country. Concentration: Acquisition would see RBC consolidate its position as Canada’s largest bank.

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