HSBC sells holdings to Royal Bank of Canada
Malaysia Sun-Business·2022-12-03 05:01
Paving the way for a potential bumper payout to shareholders, HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $10 billion
The deal will help RBC consolidate its leading position in the Canadian banking market, where the top six lenders control about 80 percent of all banking assets
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