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Royal Bank of Canada gets nod for $10 billion purchase of HSBC unit

Canada on Thursday approved Royal Bank of Canada's C$13.5 billion dollars ($10.2 billion) acquisition of HSBC's domestic unit, in a deal that would further tighten the country's top lenders' grip on the market. The deal is conditional on RBC establishing a global banking hub in Vancouver, waiving fees associated with the transfer of mortgages from HSBC to RBC and protecting HSBC's Canadian workforce. RBC will also have to increase its client operations center workforce...
British Columbia United Kingdom Jaiveer Singh Shekhawat Noel Quinn Pierre Poilievre Chrystia Freeland
Source: yahoo.com

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