Press Release
RBC receives approval to proceed with acquisition of HSBC Canada · Finance Minister approves RBC's acquisition of HSBC Canada; Historic transaction keeps more of Canada's banking sector in Canadian hands · Acquisition to position RBC as the bank of choice for globally-connected clients TORONTO, December 21, 2023 - Royal Bank of Canada ("RY" on TSX and NYSE) ("RBC") today welcomed the federal Minister of Finance's approval to proceed with the acquisition of HSBC Bank Canada ("HSBC Canada"). "I want to thank the Department of Finance, OSFI, and the Competition Bureau for