this post was submitted on 24 Nov 2023
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Pressure mounting on Liberals to block HSBC-RBC merger (www.cbc.ca)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] IrateAnteater 5 points 1 year ago

Man, I'm not generally in favour of market consolidation, but a lot of the fears people were bringing up in that article are way overblown. If RBC were trying to buyout one of the other big 5, then I'd be much more concerned. If HSBC doesn't want to play in the Canadian market anymore, RBG is likely to end up with a decent chunk of those assets anyway.