Royal Bank of Canada to acquire HSBC Canada for C$13.5 billion in cash
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HSBC agrees to sell its business in Canada to Royal Bank of Canada for $10 billion
HSBC has agreed to sell its business in Canada to the Royal Bank of Canada for $10 billion – a deal that has the potential to make RBC one of the leading players in the banking market. According to Reuters, six lenders currently control over 80 per cent of outstanding loans in the world and this deal will add RBC to the illustrated list.
·Noida, India
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Total News Sources40
Leaning Left11Leaning Right6Center13Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 37%
C 43%
R 20%
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