Competition Bureau approves RBC’s proposed takeover of HSBC Canada

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Competition Bureau approves RBC’s proposed takeover of HSBC Canada
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However, the bureau says the financial services market in Canada overall remains very concentrated.

Royal Bank of Canada has obtained approval from the Competition Bureau for its proposed acquisition of HSBC Bank Canada. The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019.GATINEAU, Que. — Royal Bank of Canada has obtained approval from the Competition Bureau for its proposed acquisition of HSBC Bank Canada.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account.

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