Evening Update: RBC to buy HSBC’s Canadian business in landmark banking deal

in the fourth quarter as expenses and loan-loss provisions grew. It kept its dividend unchanged. RBC releases its results tomorrow.

But at a news conference today, top health officials did not chart a course out of the government’s zero-COVID strategy, instead laying the blame on overzealous local authorities who applied measures “excessively and arbitrarily.” of the rare and widespread demonstrations, saying the Chinese “should be allowed to express themselves” and protest.The Tiananmen Square protests were built on hope. China’s current protests are built on angerThe Bank of Canada

Haven't we seen the downside of consolidation in our key industries enough? CompBureau needs to really step in here.

Dirty Chinese money.

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HSBC agrees to sell its business in Canada to RBC for $13.5-billionThe transaction is expected to complete in late 2023 and will result in a pre-tax gain of $5.7-billion for HSBC, the bank said in a statement How to make HSBC go bankrupt? Let RBC run it into the ground like they do to their own bank. I handle alot of credit cards and debit cards in a day. Almost never any of them are RBC. Scotia, CIBC, TD and Desjardin cards all day. I officially left RBC as they aren't able to offer the minimum professional service and when they do...its always wrong and not what i asked for. Happened multiple times to multiple family members also with RBC. Financial power but a lot to go on 🤯
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