RBC Isn't Messing Around with HSBC Conversion! Don't blink this weekend or you'll miss it!
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In this episode, we look at Royal Bank of Canada's aggressive plans to convert HSBC Canada branches to RBC-branding, in four days! The transition includes the integration of 800,000 HSBC clients and the closure of 25 branches.
Also in this episode:
🏦 Canada's OSFI introduces stringent mortgage rules to combat rising homeowner debt, aiming to stabilize the financial landscape by capping loan-to-income mortgages.
💸 The Bank of Canada continues its quantitative tightening policy into 2025, aiming to reduce its balance sheet and support high interest rates amidst economic uncertainties.
✈️ Boeing's CEO, Dave Calhoun, announces resignation by year-end, following a safety incident with a 737 Max plane, marking a significant leadership overhaul amid ongoing challenges.
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