Canada division goes to RBC for $10 billion; HSBC expects a large pay-out
The Royal Bank of Canada (RY.TO) and HSBC (HSBA.L) have reached an agreement under which HSBC (HSBA.L) will sell its Canadian operations for C$13.5 billion ($10 billion) in money, opening the door for a potential future large dividend payment to shareholders.The transaction will assist RBC in maintaining its dominant place in one of the most […]