HSBC agrees to sell its business in Canada to RBC for $13.5-billion

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The 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

The sale comes as HSBC pursues a strategy of focusing its resources on its core markets, amid pressure from its biggest shareholder Ping An to improve its performance.

The deal enables RBC to grab further market share in its home market, adding 130 branches and more than 780,000 retail and commercial customers.Checking box will enable automatic data updates

 

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Financial power but a lot to go on 🤯

I officially left RBC as they aren't able to offer the minimum professional service and when they do...its always wrong and not what i asked for. Happened multiple times to multiple family members also with RBC.

How to make HSBC go bankrupt? Let RBC run it into the ground like they do to their own bank. I handle alot of credit cards and debit cards in a day. Almost never any of them are RBC. Scotia, CIBC, TD and Desjardin cards all day.

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