(Bloomberg) -- Royal Bank of Canada beat analysts’ estimates on strong performance from its capital-markets business and lower-than-expected provisions for potential loan losses. The shares surged 5.2%, the most since 2020. Most Read from BloombergDonald Trump Becomes First Former US President Guilty of CrimesWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarSouth Africa Election Results With 29% Voting Districts InInsurers Sink as UnitedHealth Sees ‘Disturbance’ in MedicaidTrump Is
(Bloomberg) -- Royal Bank of Canada’s landmark deal to acquire HSBC Holdings Plc’s Canadian division led to the country’s first decrease in foreign direct investment in 14 years.Most Read from BloombergDonald Trump Becomes First Former US President Guilty of CrimesWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarSouth Africa Election Results With 29% Voting Districts InInsurers Sink as UnitedHealth Sees ‘Disturbance’ in MedicaidTrump Is Guilty on All Counts in Hush-Money Case. Now
HSBC completes the sale of its Russia unit to Expobank for an undisclosed fee.