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

By News on the Net —— Bio and Archives November 30, 2022

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TORONTO (CTV) - 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, would secure RBC's spot as the c-- More...ountry's largest bank as it looks to establish itself as the hub for a more globalized clientele.