News: 2024.03.29
Zhitong Finance APP learned that HSBC Holdings (HSBC.US) said it had completed the sale of its Canadian subsidiary HSBC Bank Canada to Canada on Thursday for C$13.5 billion (US$9.96 billion).
This transaction is considered to be the largest acquisition in history and has attracted widespread market attention. Royal Bank of Canada (RY.US) played an important role in this acquisition, which brought new opportunities for its future layout in the Canadian market.
Royal Bank of Canada's (RY.US) acquisition of HSBC Bank Canada is considered one of its important strategies to expand its business territory and increase market share. This will help Royal Bank of Canada (RY.US) become more competitive in the Canadian financial market and further consolidate its position in the region.
After HSBC Bank Canada is sold to Canada, it will face new development opportunities and challenges. As part of Royal Bank of Canada (RY.US), HSBC Bank Canada will have the opportunity to participate in a wider range of financial businesses and achieve greater growth and development.
As soon as this news was announced, it immediately caused a strong reaction from the market. Investors are paying attention to the impact of this acquisition on the Canadian financial market and are optimistic about the future development prospects of Royal Bank of Canada (RY.US).