Royal Bank of Canada, a multinational financial services company, completed the acquisition of HSBC Canada, a commercial bank based in Vancouver, for $9.96bn. "RBC's acquisition of HSBC Canada expands the depth and breadth of our international banking capabilities and builds our ability to connect Canadians to the global economy. Through this combination, RBC is now exceptionally positioned as the bank of choice for commercial clients with international needs, newcomers to Canada and affluent clients who need global banking and wealth management capabilities," Neil McLaughlin, RBC Group Head of Personal & Commercial Banking.