Mettons que la Banque de Montréal et la Banque Royale, qui ont chacune leurs propres grandes maisons de courtage, se faisaient dire, pour des raisons de concurrence, «nous allons permettre la fusion des banques, mais pas la fusion des maisons de courtage».
Assume the Bank of Montreal and the Royal Bank each have their own major investment houses and that for competition reasons they were told, " We will let you get together, but you cannot amalgamate your investment dealer business" .