Freeland approves RBC's $13.5B takeover of HSBC Canada with conditions
Finance Minister Chrystia Freeland has approved RBC's $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition.
![Freeland approves RBC's $13.5B takeover of HSBC Canada with conditions](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)
Finance Minister Chrystia Freeland has approved RBC's $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition.