HSBC Completes $10B Sale of Canadian Unit to Royal Bank of Canada
HSBC Holdings (LON: HSBA) announced quietly late last week that it has completed the C$13.5 billion (US$9.96 billion) sale of
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Royal Bank of Canada
US Regulator Hits RBC-Owned City National With $65 Million Fine For Risk-Control Lapses
The US Office of the Comptroller of the Currency (OCC) has levied a US$65 million fine against City National Bank,
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Royal Bank Receives Federal Approval For $13.5 Billion Purchase Of HSBC Canada
Canadians are about to get slightly fewer banking options, with Canada’s federal finance minister, Chrystia Freeland, approving of Royal Bank
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Royal Bank of Canada Q4 2023 Exceeds Expectations Despite Credit Loss Provision Bump
Royal Bank of Canada (TSX: RY) announced a stronger-than-expected quarterly profit on Thursday, propelled by robust performance in its corporate
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Poilievre Wants HSBC-RBC Merger Blocked: “No Hope Of… More Competition”
Conservative Leader Pierre Poilievre is urging the federal government to rebuff the Royal Bank of Canada’s (RBC) proposed acquisition of
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Is Canada Losing Its Entrepreneurial Spirit?
The allure of entrepreneurship appears to be waning dramatically in Canada as per a report by the Royal Bank of
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RBC Cuts Jobs Across Capital Markets Desks
Despite Royal Bank of Canada (TSX: RY), the nation’s largest bank, recently exceeded analysts’ expectations for its third-quarter results, it
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The Canadian Banking Oligopoly
When the Bank of Canada paused its overnight rate last week at five percent, it followed some very public lobbying
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Competition Bureau Clears RBC’s $13.5B Acquisition of HSBC Canada
The Royal Bank of Canada (TSX: RY) has successfully secured approval from the Competition Bureau for its planned acquisition of
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CIBC, RBC, TD: Banks Dangle Dividend Increase As They Bear Credit Loss Provisions
A trend seems to be emerging as Canada’s biggest banks continue the earnings season for fiscal Q2 2023. Canadian Imperial
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