Pressure mounting on Liberals to block HSBC-RBC merger
"Canadians should not have to bear the cost of eroding competition in our banking sector as a result of our weak competition laws. Minister Freeland must block this transaction and protect competition," Bester said in a media statement.
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.
Review of RBC’s $13.5-billion takeover of HSBC Canada shows limits to system, critics say
"He said that since HSBC hasn’t said it’s committed to leaving Canada – only that it’s looking to sell the unit – a blocked merger could just maintain the status quo. 'It really is a question of, I believe at least, what does the minister say?' "