Finance committee MPs ask federal government to reject RBC-HSBC deal
The House of Commons finance committee has asked Ottawa to reject the Royal Bank of Canada's $13.5-billion acquisition of HSBC's domestic unit, citing the lack of competition in the country's financial sector.
![Finance committee MPs ask federal government to reject RBC-HSBC deal](https://i.cbc.ca/1.6668157.1684779794!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/hsbc-bank-turkey.jpg)
![A customer uses an automated teller machine (ATM) outside an HSBC Holdings Plc bank branch in the Nisantasi district of Istanbul, Turkey, on Thursday, June 11, 2015. The Islamic-rooted AK Party failed to maintain its parliamentary majority in Sunday's election for the first time in more than a decade. Photographer: Kerem Uzel/Bloomberg A woman uses an ATM machine.](https://i.cbc.ca/1.6668157.1684779794!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/hsbc-bank-turkey.jpg)
The House of Commons finance committee has asked Ottawa to reject the Royal Bank of Canada's $13.5-billion acquisition of HSBC's domestic unit, citing the lack of competition in the country's financial sector.