TD considers acquisition strategy for US expansion
Summary List Placement The Canadian bank is still interested in using a major acquisition to beef up its US retail operations and is unbothered by the recent spikes in valuation for the regional lenders that would be TD's most likely targets, CEO Bharat Masrani said in an interview cited by Bloomberg. Masrani stated that if the bank finds "some opportunity that fits all our criteria, we will look at it very seriously, and our capital gives us that flexibility." The capital in question is the result of a stockpile that TD built up at the beginning of the coronavirus pandemic to protect against customer defaults on loans
TD considers acquisition strategy for US expansion
Summary List Placement The Canadian bank is still interested in using a major acquisition to beef up its US retail operations and is unbothered by the recent spikes in valuation for the regional lenders that would be TD's most likely targets, CEO Bharat Masrani said in an interview cited by Bloomberg. Masrani stated that if the bank finds "some opportunity that fits all our criteria, we will look at it very seriously, and our capital gives us that flexibility." The capital in question is the result of a stockpile that TD built up at the beginning of the coronavirus pandemic to protect against customer defaults on loans