The bank said Wednesday as it reported fourth quarter results that it would defer share repurchases until the close of the deal, expected in late 2023, and that it is rolling out a two per cent discount on dividend reinvestments, a move meant to add to their balance sheet.
"Therefore, we're building a little bit of a capital buffer for uncertainty. Capital has no half-life. It can only be used, and we're very proud of how we've used it over the last 24 hours." While rising rates put pressure on the economy, RBC is especially well positioned to benefit from them as the net interest margins on its sizable deposit base grows.
HSBC Canada gives the potential for RBC to add some 800,000 clients if it goes through as expected in late 2023, while this year the bank added 400,000 clients, and expects its client referral deal with the Canadian division of India's ICICI Bank to direct some 50,000 more customers as immigration levels reach record highs.
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Royal Bank of Canada signs deal to buy HSBC Canada for $13.5BRoyal Bank of Canada has signed a deal to acquire HSBC Bank Canada for $13.5 billion in cash. Nice So top players can dominate the market and set rules whatever they want eventually? Oh good! That's going to be great for competition and customers! /s just so we're clear.
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Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more. Even banks are selling and leaving canada because of Trudeaus short sited government. Why not break it up between a couple of banks instead of making RBC even bigger
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Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more. Wow that’s really going to increase competition and there will be no layoffs Customers are going to love it /s I guess 'Dave' and his call for tanks at Freedom Convoy request now makes sense!! cdnpoli Yeap tank the citizens at any cost, business must be go on.
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Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more. Great. RBC is pro Canadian Oil and gas, unlike HSBC, so more money now available for investment in the Canadian Oil and gas market. RBC picking up the scraps after HSBC leaves 3rd world socialist dump for better opportunities abroad.
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Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionRBC says the purchase price is 9.4 times HSBC Canada's adjusted 2024 earnings of $1.4 billion; the deal is expected to close by late-2023
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Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billionThe Royal Bank of Canada said on Tuesday that it will acquire HSBC Canada for an all\u002Dcash transaction of $13.5 billion. Find out more. Given HSBC anti-money laundering failings and Canada’s record of ignoring such crimes it’s a nice fit
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