EQ Bank carves out more market share with $800-million PC Financial purchase
Equitable Bank parent company EQB is buying PC Financial from Loblaw, bringing two banking challengers together in what appears to be a bid to better take on Canada’s Big Five banks.
CI Financial signs $4.7B deal to be taken private by Mubadala Capital
Rachel Wasserman, a fellow at the Canadian Anti-Monopoly Project, said the widening net of private equity means there's dwindling access to information on what these once-public companies are doing.
Canadian Western Bank shares soar after National Bank tie-up announced
The deal doesn’t raise the same concerns that RBC’s acquisition of HSBC Canada did, said Keldon Bester, executive director of the Canadian Anti-Monopoly Project.
Fintechs Canada, CAMP draw up blueprint to make banking more competitive
Fintechs Canada and CAMP note that other jurisdictions, such as the United Kingdom, Australia, and the United States, better empower their regulators to promote competition in the financial sector.
CAMP, Fintechs Canada draw up blueprint for a more competitive banking sector
April 2, 2024 - To strengthen competition in Canada's financial sector, the federal government must implement consumer-driven banking and then think bigger, according to a report by Fintechs Canada and the Canadian Anti-Monopoly Project (CAMP).
CAMP Executive Director Discusses HSBC-RBC Merger Deal on BNN
Keldon Bester, Executive Director at CAMP, discussing the high-stakes HSBC-RBC merger deal on BNN Bloomberg. Learn why Conservative Leader Poilievre opposes the merger and what it means for the future of competition and consumer choice in Canada.