Canada Approves Royal Bank Deal for HSBC's Canada Unit
21 Diciembre 2023 - 7:34PM
Noticias Dow Jones
By Paul Vieira
OTTAWA--Canada late Thursday approved Royal Bank of Canada's
proposed $10.1 billion deal for HSBC Holdings' Canadian unit, over
a year after the two lenders unveiled the transaction.
Canadian Finance Minister Chrystia Freeland, who had final say
over the transaction, said approval is subject to conditions, which
cover employment levels in Canada, customer service, and financing
to help construct affordable housing.
With approval, the RBC-led purchase becomes the largest-ever
Canadian deal in domestic banking. For London-based HSBC, the sale
was part of a broad restructuring to retrench from North America
and parts of Europe, and focus more in Asia and the Middle
East.
HSBC chief executive Noel Quinn had said the bank would consider
a special dividend in 2024 once the sale was complete.
Write to Paul Vieira at paul.vieira@wsj.com
(END) Dow Jones Newswires
December 21, 2023 20:19 ET (01:19 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
HSBC (NYSE:HSBC)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
HSBC (NYSE:HSBC)
Gráfica de Acción Histórica
De May 2023 a May 2024