EQB to buy banking unit of country’s largest supermarket chain
Canadian banking’s digital disruptor just landed a grocery-sized jackpot. EQB Inc., the parent of Equitable Bank, announced Wednesday it’s acquiring President’s Choice Bank and related PC Financial units from Loblaw Cos. Ltd. for about C$800 million ($574 million USD), mostly in shares—a blockbuster move that catapults EQB into the credit card arena and ties it … Read more