Globe and Mail (Free subscription) | yesterday
Toronto-Dominion Bank will have to pursue its ambitious U.S. strategy without the help of the Commerce Bancorp name, a respected and quirky brand that had high value in its home market.
Seeking Alpha (Free subscription) | 07/08/2008
Greg Newton submits: I know! Let traders mark their own books! Toronto-Dominion Bank (TD), Canada’s second-largest lender, said one of its traders in London incorrectly priced credit derivatives, costing the bank about C$96 million ($94.3 million) in pretax earnings. The employee linked to the pricing error, a senior male trader, left TD Securities on June 23 when the mistake was discovered... Complete...
Information Week (Free subscription) | 07/07/2008
The sale to a group led by the Ontario Teachers' Pension Plan will be financed by Citigroup, Deutsche Bank, the Royal Bank of Scotland, and Toronto-Dominion Bank.
Market Wire - Investment Opinion (Free subscription) | 07/07/2008
LONDON (MARKET WIRE) MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we provide research on companies making a move in the markets. Investors seeking genuine analyst opinions on their investments for Quadra Mining Ltd. (TSX: QUA), Oilexco Incorporated (TSX:...
atHome Top Story (Free subscription) | 07/05/2008
Toronto-Dominion Bank said yesterday that one of its traders in London "incorrectly priced" credit derivatives, costing the bank about $96 million in pre-tax earnings.
Focus on Britain (and Europe) (Free subscription) | 07/05/2008
This is not good PR for Toronto Dominion – be sure to watch TD's share price tumble on Monday when the stock markets come back online: Toronto-Dominion Bank, Canada's second-largest lender, said one of its traders in London incorrectly priced credit derivatives, costing the bank about C$96 million ($94.3 million) in pretax earnings. The employee linked to the pricing error, a senior male trader, left...
News & Information (Free subscription) | 07/04/2008
Toronto-Dominion Bank , Canada’s second-largest bank, said on Friday it will take a pretax charge of about C$96 million ($94 million) for the mispricing of derivatives by a senior trader who has left the……Read more
Reuters UK (Free subscription) | 07/04/2008
TORONTO, July 4 (Reuters) - Toronto-Dominion Bank , Canada's second-largest bank, said on Friday it will take a pretax charge of about C$96 million ($94 million) for the mispricing of derivatives by a senior trader who has left the London office of its investment dealer unit.
atHome Top Story (Free subscription) | 07/04/2008
Toronto-Dominion Bank has disclosed a $96-million loss caused by "incorrectly priced" financial investments at its operations in London.
New York Times (Free subscription) | 06/25/2008
The Toronto-Dominion Bank said that it would acquire a unit of ABN Amro Bank this summer for an undisclosed amount.
Reuters UK (Free subscription) | 06/24/2008
TORONTO, June 24 (Reuters) - Toronto-Dominion Bank said on Tuesday that it will acquire the Canadian asset-based lending business of ABN AMRO Bank NV this summer for an undisclosed amount.
Seeking Alpha (Free subscription) | 06/24/2008
FP Trading Desk submits: Toronto-Dominion Bank (TD) has achieved critical mass in the U.S. with the acquisition of Commerce Bancorp , and although TD is now significantly more exposed to the weakening U.S. economy than its Canadian peers, there is plenty of upside from the deal, according to National Bank analyst Rob Sedran. The combination of Commerce and TD’s existing platform, TD Banknorth, will...
Neuroti.ca (Free subscription) | 06/20/2008
If you're of a certain age, you can remember when Canada's national banks all had names. Now, they have initials. Toronto Dominion Bank = TD Canada Trust (a merger kept that last bit - I guess TDCT didn't sound right)...
DealBreaker (Free subscription) | 06/12/2008
A columnist for ESPN's website recently received a letter from the chief executive of TD Bank asking him to stop mocking the name of the sports center that is home to the Boston Celtics and the Bruins. Bill Simmons, who is often called by his nickname "The Boston Sports Guy," described the message from the CEO as "the most eye-popping email" he had ever received. Read the email after the jump.
Seeking Alpha (Free subscription) | 06/04/2008
FP Trading Desk submits: RBC Capital Markets analyst Andre-Philippe Hardy has shuffled his ratings on several Canadian bank stocks following a dour set of second quarter earnings from the sector. The top-ranked analyst cut Toronto-Dominion Bank (TD) to “sector perform,” citing rising expenses in domestic retail banking, higher loan losses from U.S. operations, and muted capital markets revenue. Complete...
