\n
Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n
Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n
Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n
Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n
After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Royal Bank of Canada (RBC) has secured approval to acquire HSBC's domestic unit in a deal worth $10.2 billion. This deal will witness RBC's establishment of a global banking hub, fee waivers for mortgage transfers, and a commitment to maintaining HSBC's Canadian workforce, Reuters<\/em> reported.<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Royal Bank of Canada (RBC) has secured approval to acquire HSBC's domestic unit in a deal worth $10.2 billion. This deal will witness RBC's establishment of a global banking hub, fee waivers for mortgage transfers, and a commitment to maintaining HSBC's Canadian workforce, Reuters<\/em> reported.<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Royal Bank of Canada (RBC) has secured approval to acquire HSBC's domestic unit in a deal worth $10.2 billion. This deal will witness RBC's establishment of a global banking hub, fee waivers for mortgage transfers, and a commitment to maintaining HSBC's Canadian workforce, Reuters<\/em> reported.<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Royal Bank of Canada (RBC) has secured approval to acquire HSBC's domestic unit in a deal worth $10.2 billion. This deal will witness RBC's establishment of a global banking hub, fee waivers for mortgage transfers, and a commitment to maintaining HSBC's Canadian workforce, Reuters<\/em> reported.<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n Notably, in October, City National Bank disclosed a substantial capital injection of about $2.95 billion from RBC into its U.S. unit. This strategic move aims to bolster the bank's capital and enhance profitability. RBC, in turn, assured that any realized losses at City National would be offset at the consolidated level.<\/p>\n","post_title":"RBC's American Unit Hit With A $65M Fine Over Risk Management Flaws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"rbcs-american-unit-hit-with-a-65m-fine-over-risk-management-flaws","to_ping":"","pinged":"","post_modified":"2024-02-05 01:41:45","post_modified_gmt":"2024-02-04 14:41:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15241","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14772,"post_author":"1","post_date":"2023-12-24 22:38:12","post_date_gmt":"2023-12-24 11:38:12","post_content":"\n Royal Bank of Canada (RBC) has secured approval to acquire HSBC's domestic unit in a deal worth $10.2 billion. This deal will witness RBC's establishment of a global banking hub, fee waivers for mortgage transfers, and a commitment to maintaining HSBC's Canadian workforce, Reuters<\/em> reported.<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n In response to the OCC's actions, City National Bank expressed its commitment to promptly address the issues outlined in the order. The bank emphasized its dedication to strengthening infrastructure and systems, aligning them with the institution's size and business model. This proactive stance indicates City National Bank's determination to navigate swiftly through the regulatory challenges.<\/p>\n\n\n\n Notably, in October, City National Bank disclosed a substantial capital injection of about $2.95 billion from RBC into its U.S. unit. This strategic move aims to bolster the bank's capital and enhance profitability. RBC, in turn, assured that any realized losses at City National would be offset at the consolidated level.<\/p>\n","post_title":"RBC's American Unit Hit With A $65M Fine Over Risk Management Flaws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"rbcs-american-unit-hit-with-a-65m-fine-over-risk-management-flaws","to_ping":"","pinged":"","post_modified":"2024-02-05 01:41:45","post_modified_gmt":"2024-02-04 14:41:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15241","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14772,"post_author":"1","post_date":"2023-12-24 22:38:12","post_date_gmt":"2023-12-24 11:38:12","post_content":"\n Royal Bank of Canada (RBC) has secured approval to acquire HSBC's domestic unit in a deal worth $10.2 billion. This deal will witness RBC's establishment of a global banking hub, fee waivers for mortgage transfers, and a commitment to maintaining HSBC's Canadian workforce, Reuters<\/em> reported.<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n The OCC's cease-and-desist order is a significant regulatory intervention, demanding City National Bank take swift and thorough actions to rectify the identified shortcomings. The order places a spotlight on the need for the bank to overhaul its strategic plan and implement measures to enhance its risk management practices.<\/p>\n\n\n\n In response to the OCC's actions, City National Bank expressed its commitment to promptly address the issues outlined in the order. The bank emphasized its dedication to strengthening infrastructure and systems, aligning them with the institution's size and business model. This proactive stance indicates City National Bank's determination to navigate swiftly through the regulatory challenges.<\/p>\n\n\n\n Notably, in October, City National Bank disclosed a substantial capital injection of about $2.95 billion from RBC into its U.S. unit. This strategic move aims to bolster the bank's capital and enhance profitability. RBC, in turn, assured that any realized losses at City National would be offset at the consolidated level.<\/p>\n","post_title":"RBC's American Unit Hit With A $65M Fine Over Risk Management Flaws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"rbcs-american-unit-hit-with-a-65m-fine-over-risk-management-flaws","to_ping":"","pinged":"","post_modified":"2024-02-05 01:41:45","post_modified_gmt":"2024-02-04 14:41:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15241","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14772,"post_author":"1","post_date":"2023-12-24 22:38:12","post_date_gmt":"2023-12-24 11:38:12","post_content":"\n Royal Bank of Canada (RBC) has secured approval to acquire HSBC's domestic unit in a deal worth $10.2 billion. This deal will witness RBC's establishment of a global banking hub, fee waivers for mortgage transfers, and a commitment to maintaining HSBC's Canadian workforce, Reuters<\/em> reported.<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n The OCC's cease-and-desist order is a significant regulatory intervention, demanding City National Bank take swift and thorough actions to rectify the identified shortcomings. The order places a spotlight on the need for the bank to overhaul its strategic plan and implement measures to enhance its risk management practices.<\/p>\n\n\n\n In response to the OCC's actions, City National Bank expressed its commitment to promptly address the issues outlined in the order. The bank emphasized its dedication to strengthening infrastructure and systems, aligning them with the institution's size and business model. This proactive stance indicates City National Bank's determination to navigate swiftly through the regulatory challenges.<\/p>\n\n\n\n Notably, in October, City National Bank disclosed a substantial capital injection of about $2.95 billion from RBC into its U.S. unit. This strategic move aims to bolster the bank's capital and enhance profitability. RBC, in turn, assured that any realized losses at City National would be offset at the consolidated level.<\/p>\n","post_title":"RBC's American Unit Hit With A $65M Fine Over Risk Management Flaws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"rbcs-american-unit-hit-with-a-65m-fine-over-risk-management-flaws","to_ping":"","pinged":"","post_modified":"2024-02-05 01:41:45","post_modified_gmt":"2024-02-04 14:41:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15241","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14772,"post_author":"1","post_date":"2023-12-24 22:38:12","post_date_gmt":"2023-12-24 11:38:12","post_content":"\n Royal Bank of Canada (RBC) has secured approval to acquire HSBC's domestic unit in a deal worth $10.2 billion. This deal will witness RBC's establishment of a global banking hub, fee waivers for mortgage transfers, and a commitment to maintaining HSBC's Canadian workforce, Reuters<\/em> reported.<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n See Related: HSBC's Canadian Unit Acquired By Royal Bank Of Canada<\/a><\/p>\n\n\n\n The OCC's cease-and-desist order is a significant regulatory intervention, demanding City National Bank take swift and thorough actions to rectify the identified shortcomings. The order places a spotlight on the need for the bank to overhaul its strategic plan and implement measures to enhance its risk management practices.<\/p>\n\n\n\n In response to the OCC's actions, City National Bank expressed its commitment to promptly address the issues outlined in the order. The bank emphasized its dedication to strengthening infrastructure and systems, aligning them with the institution's size and business model. This proactive stance indicates City National Bank's determination to navigate swiftly through the regulatory challenges.<\/p>\n\n\n\n Notably, in October, City National Bank disclosed a substantial capital injection of about $2.95 billion from RBC into its U.S. unit. This strategic move aims to bolster the bank's capital and enhance profitability. RBC, in turn, assured that any realized losses at City National would be offset at the consolidated level.<\/p>\n","post_title":"RBC's American Unit Hit With A $65M Fine Over Risk Management Flaws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"rbcs-american-unit-hit-with-a-65m-fine-over-risk-management-flaws","to_ping":"","pinged":"","post_modified":"2024-02-05 01:41:45","post_modified_gmt":"2024-02-04 14:41:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15241","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14772,"post_author":"1","post_date":"2023-12-24 22:38:12","post_date_gmt":"2023-12-24 11:38:12","post_content":"\n Royal Bank of Canada (RBC) has secured approval to acquire HSBC's domestic unit in a deal worth $10.2 billion. This deal will witness RBC's establishment of a global banking hub, fee waivers for mortgage transfers, and a commitment to maintaining HSBC's Canadian workforce, Reuters<\/em> reported.<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n According to a report<\/a> by Reuters<\/em>, the OCC issued a cease-and-desist order, compelling the bank to undertake comprehensive corrective measures to fortify its strategic plan. The regulatory body has highlighted instances of unsafe or unsound practices within City National Bank, citing a failure to establish effective risk management and internal controls.<\/p>\n\n\n\n See Related: HSBC's Canadian Unit Acquired By Royal Bank Of Canada<\/a><\/p>\n\n\n\n The OCC's cease-and-desist order is a significant regulatory intervention, demanding City National Bank take swift and thorough actions to rectify the identified shortcomings. The order places a spotlight on the need for the bank to overhaul its strategic plan and implement measures to enhance its risk management practices.<\/p>\n\n\n\n In response to the OCC's actions, City National Bank expressed its commitment to promptly address the issues outlined in the order. The bank emphasized its dedication to strengthening infrastructure and systems, aligning them with the institution's size and business model. This proactive stance indicates City National Bank's determination to navigate swiftly through the regulatory challenges.<\/p>\n\n\n\n Notably, in October, City National Bank disclosed a substantial capital injection of about $2.95 billion from RBC into its U.S. unit. This strategic move aims to bolster the bank's capital and enhance profitability. RBC, in turn, assured that any realized losses at City National would be offset at the consolidated level.<\/p>\n","post_title":"RBC's American Unit Hit With A $65M Fine Over Risk Management Flaws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"rbcs-american-unit-hit-with-a-65m-fine-over-risk-management-flaws","to_ping":"","pinged":"","post_modified":"2024-02-05 01:41:45","post_modified_gmt":"2024-02-04 14:41:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15241","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14772,"post_author":"1","post_date":"2023-12-24 22:38:12","post_date_gmt":"2023-12-24 11:38:12","post_content":"\n Royal Bank of Canada (RBC) has secured approval to acquire HSBC's domestic unit in a deal worth $10.2 billion. This deal will witness RBC's establishment of a global banking hub, fee waivers for mortgage transfers, and a commitment to maintaining HSBC's Canadian workforce, Reuters<\/em> reported.<\/p>\n\n\n\n The approval comes with stringent conditions<\/a> mandating RBC's establishment of a global banking hub in Vancouver, creating over a thousand jobs and bolstering the workforce in British Columbia.<\/p>\n\n\n\n Additionally, RBC has committed to financing affordable housing construction and maintaining services in many HSBC branches. This acquisition, merging the largest and seventh-largest Canadian banks, reportedly holds the potential to elevate RBC's domestic and global presence.<\/p>\n\n\n\n See Related:<\/em><\/strong> UK Government Plans The Royal Mint NFT<\/a><\/p>\n\n\n\n Regulators, including the federal banking regulator and the Competition Bureau, have approved the deal. HSBC's decision to exit Canada aligns with its global strategy, focusing on the Asian market.<\/p>\n\n\n\n This monumental deal marks a shift in Canada's banking history, the largest since the early 1990s. It also stands amidst recent acquisitions by other major Canadian banks, illustrating the sector's drive for growth and expansion.<\/p>\n\n\n\n In June, HSBC faced off against Ping An<\/a>, one of its major investors, seeking to split the bank from its lucrative Asian operations. Ping An, holding 8% of HSBC, failed to garner sufficient support, falling short of the required 75% vote needed to enforce the split.<\/p>\n\n\n\n Despite holding a significant stake in HSBC, Ping An's attempt to gain support for the separation of HSBC's Asian arm did not receive enough votes during the annual general meeting.<\/p>\n","post_title":"HSBC's Canadian Unit Acquired By Royal Bank Of Canada","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hsbcs-canadian-unit-acquired-by-royal-bank-of-canada","to_ping":"","pinged":"","post_modified":"2023-12-24 22:38:16","post_modified_gmt":"2023-12-24 11:38:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14772","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n
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Going Against Court Orders<\/h2>\n\n\n\n
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Strengthening Market Presence<\/h2>\n\n\n\n
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Strengthening Market Presence<\/h2>\n\n\n\n
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Strengthening Market Presence<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
Strengthening Market Presence<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
Strengthening Market Presence<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
Strengthening Market Presence<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
Strengthening Market Presence<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
Strengthening Market Presence<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
Strengthening Market Presence<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
Strengthening Market Presence<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
Strengthening Market Presence<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
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Cease-And-Desist Order<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
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Cease-And-Desist Order<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
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Cease-And-Desist Order<\/h2>\n\n\n\n
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Royal Bank Canada Commitment<\/h2>\n\n\n\n
Strengthening Market Presence<\/h2>\n\n\n\n