👉Canadian Western Bank (CWB) shares surged 70% to $42.50 on the Toronto Stock Exchange following the announcement of an all-stock acquisition by National Bank of Canada, valuing CWB at around $5 billion. The deal, revealed after Tuesday’s market close, will expand National Bank’s presence in Alberta and British Columbia, where CWB is primarily based. Despite the acquisition, CWB will retain its branch locations and Edmonton-based leadership. National Bank shares dropped $6.31 to $110.03. This acquisition follows Royal Bank’s $13.5-billion purchase of HSBC Canada. Subject to shareholder and regulatory approval, the deal is expected to close by the end of 2025.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #BankingNews #CanadianWesternBank #NationalBank #StockMarket #BankingAcquisition #FinanceNews #TorontoStockExchange #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉TD Bank customers may be in line for compensation as a $15.9 million class-action settlement is proposed for a lawsuit over repeated non-sufficient funds (NSF) fees. The legal action claimed that customers were charged multiple NSF fees without adequate notification. Although TD Bank denies liability, it agreed to settle after August mediation. The settlement awaits approval, with a hearing scheduled for Feb. 12. If approved, eligible class members will receive their share directly into their bank accounts, eliminating the need for further action. The lawsuit, certified on Dec. 7, 2021, revolves around NSF fees charged since Feb. 2, 2019, impacting holders of personal deposit accounts with TD Bank.✅ . 𝐁𝐞𝐬𝐭 𝐈𝐧𝐝𝐢𝐚-𝐂𝐚𝐧𝐚𝐝𝐚 𝐟𝐥𝐢𝐠𝐡𝐭 𝐝𝐞𝐚𝐥𝐬 𝐚𝐰𝐚𝐢𝐭! 𝐑𝐚𝐡𝐦𝐚𝐧 𝐓𝐫𝐚𝐯𝐞𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 (𝟔𝟒𝟕) 𝟖𝟖𝟗-𝟐𝟕𝟕𝟔, 𝟗𝟎𝟓-𝟒𝟏𝟐-𝟐𝟕𝟖𝟕 𝐬𝐚𝐥𝐞𝐬@𝐫𝐚𝐡𝐦𝐚𝐧𝐭𝐫𝐚𝐯𝐞𝐥𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬.𝐜𝐨𝐦 @rahmantravelservices . . #TDBankSettlement #ClassActionLawsuit #NSFFeeRefund #ConsumerRights #BankingNews #FinancialCompensation #LegalUpdate #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Banking giant HSBC is considering selling out of Canada—part of a broader retreat in North America as the bank shifts its focus to Asia. The London-based bank is at an early stage of reviewing options for HSBC Bank Canada, including a potential sale, HSBC said Tuesday. HSBC owns 100% of the unit, which includes retail, commercial and investment banking, and which says it is Canada’s seventh-largest bank.✅ . . #HSBC #HSBCcanada #HSBCincanada #BSBCbank #eHSBCbankcanada #bankingnews #canadianbanking #Canadanews #banksofcanada#dailynewscanada #candadianmallu #mnm #malayalisnearmeapp #canadaupdate #canadanews