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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

Australian court fines Airbnb over misleading accommodation pricing

Between January 2018 and August 2021, Airbnb Ireland, which operates in Australia, admitted that it misled consumers by displaying prices using only the '$' sign, without clarifying that the prices were in U.S. dollars and not in the local currency, the Australian Competition & Consumer Commission (ACCC) said in a statement. Airbnb has worked constructively with the ACCC, said Susan Wheeldon, Airbnb's country manager for Australia and New Zealand, while clarifying that the f...
New Zealand Susan Wheeldon Subhranshu Sahu Gina Cass Gottlieb Rishav Chatterjee Shivangi Lahiri
Source: yahoo.com

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