RBC\u0027s proposed acquisition of HSBC Canada is not likely to significantly reduce competition in the market, Competition Bureau says. Read on
In a report issued Sept. 1 to the Minister of Finance, the Bureau outlined its findings regarding the potential competitive effects of the merger, in which the country’s largest bank, RBC, will acquire HSBC, Canada’s seventh-largest bank, based on a measure of total assets.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
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