HSBC Set to Sell Canadian Arm to Royal Bank of Canada for $10 Billion

Royal Bank of Canada has agreed to buy HSBC's Canadian unit for $10 billion

Royal Bank of Canada has agreed to buy the Canadian unit of the British banking and financial-services giant HSBC Holdings PLC for 13.

5 billion Canadian dollars, equivalent to US$10 billion.to acquire all of the common shares of HSBC Bank Canada, which will see C$134 billion, or roughly US$99.6 billion, in assets and around 130 branches transfer over to Royal Bank.

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