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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 ...
STORY: HSBC has agreed to sell its Canadian business to Royal Bank of Canada for around $10 billion in cash. It paves the way for a potential bumper payout for shareholders further down the line.
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 ...
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 ...
HSBC is exploring selling its Canada business as it resists calls from its biggest shareholder to split the bank in two.
Traders Bank of Canada 1885 1912 Acquired by the Royal Bank of Canada. [167] Union Bank of Canada: 1865 1925 Founded as the Union Bank of Lower Canada, the name changed to the Union Bank of Canada in 1886. [168] Merged into the Royal Bank of Canada. [169] Union Bank of Halifax: 1856 1910 Merged into the Royal Bank of Canada. [170] Union Bank of ...
In the late 1990s and early 2000s, RBC bought a North Carolina bank called Centura Banks Inc. and tried valiantly to turn it into a meaningful foothold in the southeastern states, only to retreat ...
Dain Rauscher was acquired by the Royal Bank of Canada in 2000. Shortly after the acquisition of Dain Rauscher, Royal Bank of Canada acquired Tucker Anthony Sutro, an independent brokerage and asset management firm, formed from the combination of Tucker Anthony , a Boston-based firm founded in 1892 and Sutro & Co. , a San Francisco based firm ...