TD Buys U.S. Retail Bank, Ups Dividend
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Toronto Dominion Bank (TD.TO), Canada's second-biggest by assets, said on Thursday it would acquire a majority stake of U.S.-based Banknorth Group Inc. (BNK.N), while also boosting its dividend and reporting a 17-percent rise in profits.
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The nationâs largest retail brokerage said stronger investment banking results and fees from stock transactions helped boost profit to $2.07 billion.
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TD Bank Financial Group won unanimous approval from the Federal Reserve Board to buy a majority stake in New England's largest independent bank. Toronto-based TD, which also operates the brokerage TD Waterhouse in the United States, is buying a 51 percent stake in Banknorth, headquartered in Maine. The banks' chief executives have both said they hope the deal will give ...
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Canadian Imperial Bank of Commerce sold its last retail banking operation in the United States yesterday, ending a brief, but tumultuous, foray south of the border.
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Toronto-Dominion Bank (TD.TO: Quote, Profile, Research) , which earlier this year ended talks to merge its discount brokerage unit with E-Trade Financial (ET.
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Canada's Toronto Dominion Bank TD.TO  said on Wednesday that it is in talks with U.S.-based Banknorth  Group BNK.N about a possible deal.
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NEW YORK (CBS.MW) -- TD Waterhouse, the retail brokerage arm of Canada&#39;s Toronto-Dominion Bank, agreed to pay $2 million Tuesday to settle charges it made illegal cash payments to investment advisers in return for business.
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Toronto Dominion Bank (TD.TO: Quote, Profile, Research) said on Wednesday that it is in talks with US-based Banknorth Group (BNK.N: Quote, Profile, Research) about a possible deal, in line with the Canadian bank&#39;s push for
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Analysts gave a broad thumbs-up on Friday to Toronto-Dominion Bank&#39;s (TD.TO: Quote, Profile, Research) $3.8 billion acquisition of a majority stake in Banknorth Group Inc.
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Does TD AMERITRADE thrive at E*Trade's expense?
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Banknorth branches across New England will become TD Banknorth under an agreement yesterday that gives Canada's TD Bank Financial Group a controlling stake in New England's largest independent bank.
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Discount brokerage TD Ameritrade Holding Corp  posted a 56 percent rise in quarterly profit on Tuesday, beating Wall Street estimates, as client assets grew and stock market volatility led to increased trading activity among clients.
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TD Bank Financial Group and Banknorth Group Inc. said Thursday that they signed a definitive agreement for the Canadian bank to purchase a 51 percent stake in Portland, Maine-based Banknorth for about $3.
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A Canadian banking group has reached an agreement to acquire a controlling interest in the parent of Evergreen Bank of Glens Falls.
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GNC Corp. , the leading  retailer of vitamins and nutrition products, agreed to be  acquired by Ares Management LLC and the Ontario Teachers'  Pension Plan in a deal with a total enterprise value of $1.65  billion.
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Bank of America Corp said on Friday it agreed to acquire Countrywide Financial Corp, the largest U.S. mortgage lender, in a $4 billion transaction that could help avert one of the biggest collapses in the U.S. housing crisis.
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The company said the move was part of its ongoing integration of FleetBoston Financial, which it bought last year. Bank of America, the largest retail bank in the US, said the cuts would not violate any job