While Royal Bank might be the best placed to acquire HSBC Bank Canada, that doesn\u0027t mean CEO Dave McKay will be motivated to do so. Read on.
To be sure, while Royal Bank might be the best placed to acquire HSBC Bank Canada, that doesn’t mean CEO Dave McKay will be motivated to do so. His bank already holds a leading market position in Canada, and therefore might decide there would be little to gain from adding HSBC’s assets to his portfolio. There could also be antitrust concerns he would rather avoid.Article content
The bank that might have the most to gain from buying HSBC’s Canadian assets is also the one that might have the most difficulty raising the cash, Grauman and Fang wrote. Montreal-based National Bank of Canada, which they described as a “super-regional” lender, has the most to gain strategically, as it could expand its reach into Western Canada, especially British Columbia, they said. However, the Scotiabank analysts estimate that National Bank would need to raise $8.
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