20 new branches by 2006
Move will save up to $2 million a year
$14 million agreement includes 200 ATMs
Results on target says CEO
Downgrades reflect risks associated with bank's repositioning strategy
CEO announces three-year plan to reposition the bank
Outlook revised to stable: S&P
Air Canada, restructuring charges responsible for profit fall
TD Bank Financial Group announced Friday that it is buying 57 branches from Laurentian Bank in Ontario and Western Canada. The transaction is expected to close on October 31, subject to regulatory approval.The agreement includes a loan portfolio valued at approximately $2 billion and a deposit portfolio valued at approximately $1.9 billion. The all-cash purchase […]
Some banks show marginal improvement, but most managers are still far from satisfied