Feds approve RBC acquisition of HSBC, say strict terms will protect workers

By Anosha Khan ( December 22, 2023, 2:44 PM EST) -- Deputy Prime Minister and Minister of Finance Chrystia Freeland has approved the sale of HSBC Bank Canada (HSBC) to Royal Bank of Canada (RBC), pursuant to authorities under the Bank Act. The Department of Finance said that the sale is subject to strict terms and conditions imposed on RBC....