.jpg){kind=avatar}
The deal marks TD's second acquisition bid in the United States this year and the Canada's second-largest lender by market value has made no secret of its ambitions to expand in the world's biggest economy. TD will fund the acquisition from the $1.9b proceeds from the sale of shares of Charles Schwab , announced on Monday.
{
The transaction is "modestly positive (for TD), especially given that it is on-strategy with the bank’s push into its U.S.-dollar platform," Credit Suisse Analyst Joo Ho Kim wrote in a note.
https://www.reuters.com/markets/deals/canadas-td-bank-buy-us-brokerage-cowen-13-bln-deal-2022-08-02/
More posts by Sarah Wolter
Recent posts from News by FinTech Collective