Press Release - Agreement to acquire HSBC Canada
RBC to strengthen premium Canadian business with agreement to acquire HSBC Canada Acquisition to position RBC as the bank of choice for globally connected clients · Addition of attractive client base and expanded international banking capabilities · Strong cultural fit and aligned approach to disciplined risk management · Strategic deployment of excess capital with attractive financial returns TORONTO, November 29, 2022 - Royal Bank of Canada (RY on TSX and NYSE) today announced it has entered into an agreement to acquire HSBC Bank Canada ("HSBC Canada"), a premier