{"id":15980,"date":"2023-12-22T21:18:14","date_gmt":"2023-12-22T21:18:14","guid":{"rendered":"https:\/\/edmontondailynews.com\/ottawa-approves-13-5b-hsbc-sale-to-rbc\/"},"modified":"2023-12-22T21:18:14","modified_gmt":"2023-12-22T21:18:14","slug":"ottawa-approves-13-5b-hsbc-sale-to-rbc","status":"publish","type":"post","link":"https:\/\/edmontondailynews.com\/ottawa-approves-13-5b-hsbc-sale-to-rbc\/","title":{"rendered":"Ottawa approves $13.5B HSBC sale to RBC"},"content":{"rendered":"<div><iframe loading=\"lazy\" width=\"100%\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/T7hQS-rHLq4\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<p>HSBC says it expects the sale of its Canadian operations to RBC to officially close in the first quarter of 2024. Finance Minister Chrystia Freeland&#8217;s approval comes with conditions on RBC, including that none of HSBC Canada&#8217;s 4,000 employees can be fired within six months of the closing date or two years for front-line staff, and banking services must continue to be provided at a minimum of 33 HSBC branches for four years.<\/p>\n<p>\u00bb\u00bb\u00bb Subscribe to CBC News to watch more videos:<\/p>\n<p>Connect with CBC News Online:<\/p>\n<p>For breaking news, video, audio and in-depth coverage:<br \/>\nFollow CBC News on TikTok:<br \/>\nFollow CBC News on Twitter:<br \/>\nFind CBC News on Facebook:<br \/>\nFollow CBC News on Instagram:<br \/>\nSubscribe to CBC News on Snapchat:<\/p>\n<p>Download the CBC News app for iOS:<br \/>\nDownload the CBC News app for Android:<\/p>\n<p>\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb\u00bb<br \/>\nFor more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.<\/p>\n<hr>\n","protected":false},"excerpt":{"rendered":"<p>HSBC says it expects the sale of its Canadian operations to RBC to officially close in the first quarter of 2024. Finance Minister Chrystia Freeland&#8217;s approval comes with conditions on RBC, including that none of HSBC Canada&#8217;s 4,000 employees can&hellip;<\/p>\n","protected":false},"author":8,"featured_media":15981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[673,78,87,17140,89,1572,12275],"_links":{"self":[{"href":"https:\/\/edmontondailynews.com\/wp-json\/wp\/v2\/posts\/15980"}],"collection":[{"href":"https:\/\/edmontondailynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edmontondailynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edmontondailynews.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/edmontondailynews.com\/wp-json\/wp\/v2\/comments?post=15980"}],"version-history":[{"count":0,"href":"https:\/\/edmontondailynews.com\/wp-json\/wp\/v2\/posts\/15980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edmontondailynews.com\/wp-json\/wp\/v2\/media\/15981"}],"wp:attachment":[{"href":"https:\/\/edmontondailynews.com\/wp-json\/wp\/v2\/media?parent=15980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edmontondailynews.com\/wp-json\/wp\/v2\/categories?post=15980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edmontondailynews.com\/wp-json\/wp\/v2\/tags?post=15980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}