British Columbians express concerns over RBC buying HSBC Canada

The Royal Bank of Canada is buying the Canadian arm of HSBC for $13.5 billion in cash, marking the biggest domestic bank merger in Canadian history. But some B.C. customers say they have concerns about the deal.

#CBCVancouver #CBCNews #livenews #britishcolumbia

Connect with CBC Vancouver online:
Twitter:

[lilillilil]

All British banks left Canada… Barclays, and Standard Chartered left Canada. Now HSBC, only one British bank left in Canada is leaving Canada. 😢

[charlesward]

So are British Columbian's concerned they won't be able to launder illegal money as easily under the Royal, as they did under HSBC?

[mujkocka]

Yeah HsBc looked at my credit history in another history. It made my move simple. It’s a sad day

[jamespark]

Everyone seems to be unaware of HSBC's history and the surrounding political climate

[djb]

Only a month into the move and I am happy to say that the experience with RBC has been very positive. The customer service, the online banking, the app has been superior to what I had with HSBC. I’m surprised but pleasantly so. Time will tell if this positive first impression will hold but I can say I’m very happy so far with RBC.😅

[DavidDawkins-li]

RBC needs to learn to not be terrible business

[cdnsilverdaddy]

HSBC’s investment arm will d not that good in fact, they lose money for their customers

[Blutteufel]

Funny how they didn't ask any Canadians about their opinion on the matter...

[takata]

Here's one customer who's walking and taking my money and investments with me. Very disappointed this has been allowed.
Like many people and there are lots walked from RBC, because of who they are and their policies. Many people had their lives turned upside down by this ruthless institution of banking. Who's better? well that's a million dollar question. But I think it's going to see more people looking to credit unions vs the alternative banks.

[angusmackaskill]

Vancouver head office will shut down as some in Toronto, also alot of HSBC international group jobs in Burnaby

[davida]

I don't like RBC. They're partnered with WEF and I don't trust them. I think CIBC or Scotiabank are better. Though I like TD, they are partnered with WEF

[jasseyjefferr]

Wait till the look behind the curtains

[brabak]

time to move my 5 bucks into another bank....

[harukocha]

Be happy about this acquisition decision and hopefully RBC will revolutionize all the systems and training that HSBC has! Hate this sub-standard bank very much! Lay off the people there! The most awful company.

[mastersonogashira]

Reality is HSBC was doomed long ago, its just the nail on the coffin

[RB-xqqh]

bank with scotia or tangerine - its everywhere and they’re partners with banks in every country.

[Tenzyu]

RBC is pulling FTX moves, buying smaller banks before it goes bankrupt. The exec knows nobody is going to jail for this, they pull all kinds of tricks to keep the gravy train running.

[carkarlaw]

As an ex HSBC user, I think RBC made the right move.

[shmoopiebear]

HSBC is the best place for criminals to launder their money. Think about that for a second.

[tillyburton]

guess you can't launder or hide your money...about time