National Bank of Canada acquires Canadian Western Bank for C$5 billion, pending final approval.
The Competition Bureau of Canada has approved National Bank of Canada's C$5 billion acquisition of Canadian Western Bank, aiming to increase its presence in western Canada. While shareholders have approved the deal, it still awaits final approval from the Office of the Superintendent of Financial Institutions and the finance minister. This acquisition will help National Bank become a stronger competitor in the Canadian banking landscape.
September 26, 2024
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