- HSBC Holdings said it completed the C$13.5 billion sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada on Thursday.
RBC previously said the acquisition, which merges Canada's biggest and seventh-biggest lenders, will boost its domestic business as well as its position on the global stage. Deals of this size in the banking sector have not been attempted in Canada since the early 1990s when RBC's bid for Bank of Montreal was blocked by regulators.Meme-stock mania comes roaring back to leave Donald Trump's Truth Social owner TMTG worth more than Etsy or Hasbro
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