Description: Royal Bank of Canada agreed to buy HSBC Holdings Plc’s Canadian unit — the country’s seventh-largest bank — for $13.5 billion in cash, expanding its roster of business clients and bulking up its retail presence on the West Coast as HSBC focuses on Asia.
Source: BNNBloomberg.ca – video report
Date: Nov 29, 2022
Link: https://www.bnnbloomberg.ca/royal-bank-agrees-to-buy-hsbc-s-canada-unit-for-13-5b-1.1852320
Questions for discussion:
- Summarize the analysis presented concerning the value of the deal to RBC.
- What does this mean for the industry?
- Is it a good deal for all parties, including consumers?
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