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👉Royal Bank of Canada is about to take over the Canadian arm of multinational bank HSBC for $13.5 billion in cash. RBC chief executive Dave McKay has stated the deal offers the opportunity to add a complementary business and client base.✅ . . #RoyalBankofCanada #RBC #RBcanada #Canadaroyalbank #canadabank #HSBCcanada #HSBCnews #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉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