18 Articles

Freeland okays RBC takeover of HSBC Canada with conditions

The minister's approval comes with conditions on RBC, including that none of HSBC Canada's 4,000 employees be fired within six months of the closing date, or two years for front-line staff, and that banking services continue to be provided at a minimum of 33 HSBC branches for four years. 

Banks miles away from hitting Paris climate targets

The world’s most influential banks need to substantially accelerate climate efforts if global temperature rise is to be kept within the targets of the Paris Agreement, an assessment released on Thursday, July 28, 2022, by an institutional investors group warned.