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In 2000, HSBC Bank Canada acquired Republic National Bank of New York (Canada) after HSBC acquired the parent bank. [5] Republic had entered Canada in 1982, and was an amalgamation of several banks. Republic's purchases included Bank Leumi Le Israel (Canada) in 1993; Israel-based Bank Hapoalim (Canada) in 1994; and Israel Discount Bank of ...
HSBC shares were up over 4% following the announcement, far outperforming the FTSE index. The purchase will enable RBC to take market share in its home country, adding 130 branches and more than ...
TORONTO (Reuters) -Canadian regulators will review the sale of HSBC's business in Canada to Royal Bank of Canada for C$13.5 billion ($10 billion) in cash, the Canadian government's finance ...
Bank of New York: Mellon Financial Corporation: Bank of New York Mellon: $18.3 billion Bank of New York Mellon: 2007 Wachovia: World Savings Bank: Wachovia: $25 billion Wells Fargo: 2007 Bank of America: U.S. Trust Corporation: Bank of America Private Wealth Management: Bank of America: 2007 M&T Bank: Partners Trust Financial Group: M&T Bank: M ...
HSBC's planned sale of its Canada banking business to Royal Bank of Canada (RY) for CA$13.5 billion will enhance the former's CET1 ratio by 130 bps. HSBC Rises 4.1% on Canada Unit Sale to Royal ...
Royal Bank of Canada (Suisse) manages CHF 10 billion (US$10.5 billion, C$13.4 billion) of assets for clients in Africa, the Middle East and South America. [42] 2015: RBC completed the acquisition of City National Bank (November) 2016: On January 21, 2016, Aviva announced the acquisition of RBC General Insurance Company, for C$582 million. [43]
HSBC is exploring selling its Canada business as it resists calls from its biggest shareholder to split the bank in two.
The brand name was originally used by RBC Bank USA (formerly RBC Centura), formed in 2001 when RBC acquired the Raleigh, North Carolina–based Centura Bank. In 2012, RBC Bank USA's banking division for American clients was sold to PNC Financial Services while RBC's cross-border banking services for Canadians were transferred to the newly ...