Post by
retiredcf on Nov 30, 2022 7:10am
Multiple BNN Coverage
The RBC-HSBC deal really makes sense: Art Hogan
Art Hogan, chief market strategist at B. Riley Wealth Management, joins BNN Bloomberg to discuss the sale of HSBC's Canadian unit to Royal Bank of Canada. Hogan says M&A is going to be a hot button topic in 2023, and also touches upon Suncor's decision to hang onto Petro-Canada.
https://www.bnnbloomberg.ca/video/the-rbc-hsbc-deal-really-makes-sense-art-hogan~2573661
RBC's efficiency plus HSBC's reach makes this acquisition a win: Analyst
David Trainer, founder and CEO of New Constructs, joins BNN Bloomberg to discuss the sale of HSBC's Canada unit to Royal Bank of Canada. Trainer says that this is a great way for RBC to consolidate its power in the Canadian market, and that he believes the bank is going to continue to show strong performance.
https://www.bnnbloomberg.ca/video/rbc-s-efficiency-plus-hsbc-s-reach-makes-this-acquisition-a-win-analyst~2573711
No surprise RBC was the eventual bidding war winner: Moody's credit officer
Robert Colangelo, VP and senior credit officer at Moody's, joins BNN Bloomberg to discuss the sale of HSBC's Canada unit to Royal Bank of Canada. Colangelo says that while the current macroeconomic situation is creating headwinds for the banks, there are synergies that can be created through this acquisition.
https://www.bnnbloomberg.ca/video/no-surprise-rbc-was-the-eventual-bidding-war-winner-moody-s-credit-officer~2573820
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