Royal Bank of Canada’s (RY) acquisition of HSBC‘s (HSBC) Canadian business received approval from Canada’s Competition Bureau, which said the deal does not violate competition law, Bloomberg’s Derek Decloet reports. The bureau said the deal won’t result in a “substantial lessening or prevention of competition,” the author notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RY:
- Royal Bank of Canada price target raised to C$148 from C$135 at National Bank
- Royal Bank of Canada price target raised to C$140 from C$133 at Scotiabank
- Auto loans platform Lendbuzz hires banks for IPO, Reuters reports
- Royal Bank of Canada resumed with a Buy at Canaccord
- Royal Bank of Canada upgraded to Buy at BofA on ‘compelling’ risk/reward