RBC and HSBC Canada: HSBC card withdrawals as of October 13, 2023
RBC and HSBC Canada: the transaction
A few months ago, HSBC announced that it was looking for a buyer for its Canadian branch, HSBC Canada. And RBC Bank won the bid for $13.5 billion.
With HSBC Canada, RBC will further position itself with certain clients with wealth management needs such as :
- International customers
HSBC has 130 branches in Canada and 4,200 employees (including 450 in Quebec).
In comparison, RBC has 65,000 full-time employees in Canada.