BREAKING: Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billion
RBC said it will acquire all of
Canada’s shares, and the bank’s earnings from June 30, 2022 will accrue to RBC.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up.
Canada offers the opportunity to add a complementary business and client base in the market we know best and where we can deliver strong returns and client value given our financial strength and award-winning service,” RBC chief executive Dave McKay said in aHe said the deal will position RBC as the bank of choice for commercial customers with international needs, newcomers to Canada and affluent clients in need of global banking and wealth management services.
Holdings PLC’s Canadian unit. said in October it was considering a sale of its Canadian business.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more.
Read more »
HSBC agrees to sell its business in Canada to RBC for $13.5-billionThe transaction is expected to complete in late 2023 and will result in a pre-tax gain of $5.7-billion for HSBC, the bank said in a statement
Read more »
Canada 1-2 Croatia: Live updates as Canada searching for next goalThe Canadian men’s national team are losing 2-1 in their FIFA World Cup match against Croatia on Sunday, a game where they must pick up at least one point or risk elimination. CTVNews.ca will follow the match live.
Read more »
Canada 1-3 Croatia: Live updates as Canada staring World Cup exit in the faceThe Canadian men’s national team are losing 3-1 in their FIFA World Cup match against Croatia on Sunday, a game where they must pick up at least one point or risk elimination. CTVNews.ca will follow the match live.
Read more »
Canada vs. Croatia game: Canada eliminated from World Cup after 4-1 lossCanada won't need to wait another 36 years for an appearance at the men’s World Cup. As co-host in 2026, alongside the U.S. and Mexico, Canada automatically qualifies and gets another crack as the World Cup returns to its usual summer slot.
Read more »
Leading the way: Canadian aerospace industry poised for successWas the Avro Arrow the last great accomplishment for the Canadian Aerospace sector? Have the collective efforts of the men and women in our industry peaked with a class-leading fighter aircraft designed in the late 1950s? With bold leadership and initiative, we can once again empower the more than 200,000 men and women in Canada to lead, grow, and power Canada’s economic engine. To set about the conditions for this future state. We need to establish a baseline understanding of two principle conditions: bold leadership and incentives. Bold leadership is required to establish any new enterprise and push for change in an existing system. A quote from former U.S president John F. Kennedy can best describe it: “We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills.” This bold leadership is foundational. It recognizes that we should proudly stand behind, push, and promote our Canadian aerospace industry to meet the challenges of today and tomorrow. Secondly, a government’s principal purpose is to create two types of incentives: incentives to promote the right action and incentives to prevent the wrong action. Incentives serve as a key requirement in order to sustain the interest of the key stakeholders. Charlie Munger of Berkshire Hathaway once said, “show me the incentive, and I’ll show you the outcome.” The proper mix of monetary and non-monetary incentives will need to be in place to create the conditions for a prosperous aerospace industry in Canada. The next steps: a plan to lead in Canada Canada must lead in the adoption of drone and advanced air mobility solutions As Canadians, we celebrate the geographic reach of our country. “From coast to coast to coast.” This obligation extends to the monitoring and defence of our sovereign territory. The Government of Canada should create a made-in-Canada requirement to
Read more »