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 (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.

Royal Bank of Canada RY-T has let go of some employees as the lender reorganizes its businesses and prepares to launch its new growth strategy after closing its $13.5-billion takeover of HSBC Bank Canada last year.

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.