RBC Lays Off Some Employees Related to HSBC Acquisition, Reuters Reports

Dow Jones

Mar 08, 2025

-- Royal Bank of Canada laid off some employees due changes to its business segments following the 13.5 billion Canadian dollars ($9.4 billion) acquisition last year of HSBC's Canadian assets, Reuters reports, citing two unnamed people with knowledge of the jobs cuts.

-- Some of the layoffs were from the bank's technology and operations teams and began earlier in the week, Reuters says.

-- The report says it was unclear how many employees were affected or if layoffs would continue, according to Reuters.

Full article: https://www.reuters.com/business/finance/canadas-rbc-lays-off-some-employees-related-hsbc-acquisition-sources-say-2025-03-07/

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

March 07, 2025 13:35 ET (18:35 GMT)

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Stewart at robb.stewart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 07, 2025 13:35 ET (18:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>RBC Lays Off Some Employees Related to HSBC Acquisition, Reuters Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRBC Lays Off Some Employees Related to HSBC Acquisition, Reuters Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-08 02:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  -- Royal Bank of Canada laid off some employees due changes to its business segments following the 13.5 billion Canadian dollars ($9.4 billion) acquisition last year of HSBC's Canadian assets, Reuters reports, citing two unnamed people with knowledge of the jobs cuts. \n</p>\n<p>\n  -- Some of the layoffs were from the bank's technology and operations teams and began earlier in the week, Reuters says. \n</p>\n<p>\n  -- The report says it was unclear how many employees were affected or if layoffs would continue, according to Reuters. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full article: https://www.reuters.com/business/finance/canadas-rbc-lays-off-some-employees-related-hsbc-acquisition-sources-say-2025-03-07/ \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 07, 2025 13:35 ET (18:35 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517451144","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517451144","pubTimestamp":1741372500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"-- Royal Bank of Canada laid off some employees due changes to its business segments following the 13.5 billion Canadian dollars  acquisition last year of HSBC's Canadian assets, Reuters reports, citing two unnamed people with knowledge of the jobs cuts.-- Some of the layoffs were from the bank's technology and operations teams and began earlier in the week, Reuters says.-- The report says it was unclear how many employees were affected or if layoffs would continue, according to Reuters.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","HSBC":"汇丰","00005":"汇丰控股"},"translate_title":"据路透社报道，加拿大皇家银行解雇了部分与汇丰收购相关的员工","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSBC":1,"00005":1},"content_text":"-- Royal Bank of Canada laid off some employees due changes to its business segments following the 13.5 billion Canadian dollars ($9.4 billion) acquisition last year of HSBC's Canadian assets, Reuters reports, citing two unnamed people with knowledge of the jobs cuts. \n\n\n  -- Some of the layoffs were from the bank's technology and operations teams and began earlier in the week, Reuters says. \n\n\n  -- The report says it was unclear how many employees were affected or if layoffs would continue, according to Reuters. \n\n\n \n\n\n  Full article: https://www.reuters.com/business/finance/canadas-rbc-lays-off-some-employees-related-hsbc-acquisition-sources-say-2025-03-07/ \n\n\n \n\n\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 07, 2025 13:35 ET (18:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}