Royal Bank of Canada , Canada's largest lender, laid off some employees as a result of changes at its business segments following the C$13.5 billion acquisition of HSBC's domestic business last year,

Royal Bank of Canada boosted CEO Dave McKay's 2024 salary by 61% to C$24.5 million ($17.14 million), including a C$4 million bonus related to the HSBC Canada acquisition, according to a regulatory filing on Thursday.

Royal Bank of Canada (NYSE:RY) has trimmed its workforce by an unknown amount as part of a broader overhaul of its business segments after acquiring HSBC (HSBC) Canada for $13.5B last year, according to a media report dated Friday.

MongoDB (NASDAQ:MDB – Free Report) had its price objective reduced by Royal Bank of Canada from $400.00 to $320.00 in a research report report published on Thursday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Lineage (NASDAQ:LINE – Free Report) had its price target cut by Royal Bank of Canada from $81.00 to $74.00 in a research note released on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Canada's largest lender Royal Bank of Canada laid off some employees as a result of changes at its business segments following the C$13.5 billion acquisition of HSBC's domestic business last year, two sources with direct knowledge of the layoffs told Reuters.

Royal Bank of Canada (TSX:RY) is pricey by bank stock standards. Is it worth it?

The chief executives of Canada’s six biggest banks earned a combined $74.5-million in 2024, up from just under $72-million in total compensation the year before