Freeland approves Royal Bank takeover of HSBC Canada with conditions

RBC approved to take over HSBC's Canadian operations

The acquisition is approved, but comes with requirements like maintaining workforce size in Winnipeg, elimination of certain transfer fees The post RBC approved to take over HSBC’s Canadian operations appeared first on CANADIAN AFFAIRS.

$13.5B RBC takeover of HSBC Canada gets federal stamp of approval

Finance Minister Chrystia Freeland greenlights deal, but with some caveats attached

HSBC sale to RBC 'a sad day for Canadian mortgage consumers,' expert says

The rubber-stamped sale of HSBC's Canadian operations to Royal Bank will lessen competition on mortgage rates, says one analyst who touted the bank's key role in lowering borrowing costs through its presence in Canada.

Freeland approves RBC's $13.5-billion takeover of HSBC Canada with conditions

OTTAWA — Finance Minister Chrystia Freeland has approved RBC's $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition.

Ottawa approves RBC’s $13.5-billion takeover of HSBC Canada

Royal Bank of Canada agrees to several terms to secure the approval, including maintaining jobs in the short term and establish a new global banking hub in Vancouver with more than 1,000 jobs

Freeland approves RBC's $13.5-billion takeover of HSBC Canada with conditions

Finance Minister Chrystia Freeland has approved RBC's $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition. Freeland's approval was the last hurdle for the deal after the Competition Bureau approved...