Published • loading... • Updated
A Canadian Payment Giant Is Being Sold to U.S. Private Equity. Is Your Digital Privacy at Risk?
The banks expect after-tax gains of $475 million and $600 million, while analysts warn the deal could increase foreign control of payments infrastructure.
Summary by CBC News
2 Articles
2 Articles
A Canadian payment giant is being sold to U.S. private equity. Is your digital privacy at risk?
Royal Bank of Canada and Bank of Montreal are selling payment processor Moneris Solutions Corp. to San Francisco-based investment firm Francisco Partners. Some analysts are raising concerns around what the deal means for Canada's digital sovereignty amid the country's trade war with the U.S.
·Ottawa, Canada
Read Full Article
Coverage Details
Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
