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RBC lays off some employees related to HSBC deal, Reuters reports

Royal Bank of Canada (RY) has laid off some employees as a result of changes at its business segments following the acquisition of HSBC‘s (HSBC) domestic business last year for C$13.5B, Reuters’ Nivedita Balu reports. Some of the layoffs were at the technology and operations teams and began earlier this week, according to two sources with direct knowledge of the layoffs.

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