HSBC Set to Sell Canadian Arm to Royal Bank of Canada for $10 Billion

Royal Bank of Canada has agreed to buy the Canadian unit of the British banking and financial-services giant HSBC Holdings PLC for 13.

5 billion Canadian dollars, equivalent to US$10 billion.to acquire all of the common shares of HSBC Bank Canada, which will see C$134 billion, or roughly US$99.6 billion, in assets and around 130 branches transfer over to Royal Bank.

Of course JustinTrudeau is just gonna let this happen, because he's Canada's heroic protector of corporate interests. He has no interest in antitrust or what is best for the actual people he's supposed to serve.

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