banking sector

Freeland approves RBC’s $13.5B takeover of HSBC Canada with conditions

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Finance Minister Chrystia Freeland has approved RBC’s $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition. Freeland’s approval was the last hurdle for the deal after the Competition Bureau approved it in September. The minister’s approval comes with conditions on RBC, including that … Read more

Bank of England’s Financial Stability Report Highlights Resilience Amid Rising Interest Rates

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The Bank of England recently released its latest Financial Stability Report, emphasising the resilience of UK households and businesses in the face of continuously rising interest rates. While acknowledging this resilience, the report also reiterates concerns about the impending full impact of higher interest rates on mortgage repayments and overall financial stability. Over the past … Read more