(EN)
RBC Announces Intention to Acquire HSBC Canada
- HSBC Canada’s premier commercial bank will add scale to RBC’s Business Banking solutions, expanding our offering focused on international business clients.
- HSBC Canada adds strong expertise in liquidity management, trade finance, international cash management and sustainable finance serving Canadian and global corporates.
- HSBC Canada’s wealth and personal banking business adds strengths in meeting the needs of international clients with connections to Canada.
- This will add to RBC's ability to connect our Canadian clients to the world and help us better serve global clients looking to invest and grow in Canada.
- HSBC Canada clients will benefit from industry leading advice, convenience, digital capabilities and product breadth and a shared strong commitment to our communities.
- Approximately 4,200 employees
- Premier Bank focused on globally connected clients
- Differentiated product suite and capabilities
- Purpose driven with a focus on sustainability
A word from RBC’s CEO
HSBC Canada offers the opportunity to add a complementary business and client base in the market we know best and position us to be the bank of choice for commercial clients with international needs, newcomers to Canada and affluent clients who need global banking and wealth management capabilities. RBC is committed to ensuring clients get the highest value and best service. We look forward to serving these new clients and showing them all that RBC can do for them.
- Dave McKay, President & CEO, RBC
A combined RBC and HSBC Canada will provide more value and convenience for Canadians
Award-winning client service, digital capability & advice1
Leading expertise & capabilities for our Canadian and global clients
Unmatched Convenience. HSBC Canada clients will have access to RBC’s 1,200+ branches and 4,200+ ATMs
Strong cultural fit with shared values and deep commitment to communities
A combined RBC and HSBC Canada will provide more value and convenience for Canadians
Award-winning client service, digital capability & advice1
Leading expertise & capabilities for our Canadian and global clients
Unmatched Convenience. HSBC Canada clients will have access to RBC’s 1,200+ branches and 4,200+ ATMs
Strong cultural fit with shared values and deep commitment to communities
Our clients are at the centre of everything
- Highest in overall banking customer satisfaction and for mobile banking app1
- Retail Banker International’s Best Bank for Small & Medium Enterprises and Best Global Retail Bank
- Best Trade Finance Provider for 10 consecutive years by Global Finance
- Highest-rated Canadian Bank-owned Investment Brokerage, 2022 Investment Executive Brokerage Report Card
- Leaders in Trading Awards (UK & Europe): Best Client Service, UX & Trading Performance, by The Trades
- Among top 100 employers, Canada’s Best Diversity Employer2 and Best Workplaces3 in 2022
- Named ‘The Safest Commercial Bank in the World for 2022’ by Global Finance
- Aa1 credit rating from Moody’s
More Information
Legal Disclaimer1)
RBC® named "Highest in Customer Satisfaction Among the Big Five Retail Banks" and "Highest in Customer Satisfaction Among Canadian Mobile Banking Apps" from J.D. Power 2022.
Legal Disclaimer2)
RBC has ranked in the global “Top 100 Most Diverse & Inclusive Companies” in the 2022 Refinitiv Diversity & Inclusion Index
Legal Disclaimer3)
RBC has ranked #9 in the 2022 list of “Best Workplaces in Canada” by Great Place to Work