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Stock impact report

RBC completes acquisition of HSBC Bank Canada [Yahoo! Finance]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Company Research Source: Yahoo! Finance
"Today marks one of the most exciting times of our 155-year history and a pivotal milestone in our long-term growth story as we welcome 4,500 employees and 780,000 clients from HSBC Canada," said Dave McKay, president and CEO, RBC. "This once-in-a-generation opportunity will show Canadians how our combined organization will deliver an enhanced banking experience, create better value for clients and strengthen our communities. I want to thank everyone involved in the monumental team effort to bring this deal to life and I look forward to the possibilities this acquisition will deliver." To support the acquisition, RBC announced a number of commitments in December 2023 , including commitments to create new Canadian jobs, continue to donate 1% of net income before taxes to communities, and finance the construction of new housing in Canada . In Vancouver , the bank will also build a new Global Banking Hub over the next five years. This will be supported with over 1,000 jobs across mult Show less Read more
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