RBC to Spend Weekend Rebranding HSBC Canada With Deal Closing

At noon, HSBC Holdings Plc’s Canadian branches will shut down, and a flurry of activity will immediately begin as Royal Bank of Canada prepares to reopen a hundred of them under its own banner Monday afternoon.

Canada’s biggest bank said it expects to complete its C$13.5 billion ($10 billion) purchase of HSBC’s Canadian assets — the largest transaction in Royal Bank’s history — just before midnight and will work through the Easter holiday weekend to convert those operations, including information-technology systems.

A Royal Bank of Canada branch in the financial district of Toronto on Aug. 24, 2023.

Photographer: Cole Burston/Bloomberg

Personal and business banking customers should have received new Royal Bank debit cards and will be able ...