👉Chrystia Freeland, Canada's Deputy Prime Minister and Minister of Finance, has given her approval for Royal Bank of Canada (RBC) to buy HSBC Bank Canada. HSBC Global left the Canadian market, and RBC then bought them. The decision is meant to protect jobs and banking services for Canadians. RBC has promised to protect HSBC's employees by setting up a Global Banking Hub in Vancouver, creating jobs in British Columbia and Winnipeg, keeping HSBC branches open, and giving money to help build affordable housing. The acquisition is backed by the Competition Bureau and the Office of the Superintendent of Financial Institutions.✅ . . #CanadaFinance #HSBC #RoyalBankofCanada #CanadianEconomy #BusinessUpdate #GovernmentApproval #BankSale #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