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HSBC sells Canadian arm to Royal Bank of Canada for $10bn
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fnlondon.comRoyal Bank of Canada said 29 November it has reached an agreement to acquire HSBC Canada for $10.1bn in cash.
"This acquisition builds on our core domestic retail business and expands our international product capabilities," said Neil McLaughlin, group head of personal and commercial banking at RBC.
The deal is expected to close by late 2023...
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