Hints and tips:
...Ceci n’est pas une outlook report, says Man Group. Bonds! Bonds! Bonds! says Pimco....
...It first acquired Banknorth of Maine in 2004 and later went on to acquire Hudson United for $1.9bn in 2005 and Commerce Bancorp for $8.9bn in 2007....
...Consolidation heats up in US banking The volatility plaguing markets recently hasn’t deterred Canada’s TD Bank Group from sealing a deal....
...Amount of money raised so far: €27m Valuation at latest fundraising: N/a Major shareholders: Industrifonden, Velocity Capital, UniCredit, Nordea, Swedbank, Frumtak Ventures, Íslandsbanki, Kjölfesta There...
...Amount of money raised so far: $51.7m Valuation at latest fundraising: N/A Major shareholders: Balderton Capital, Target Global, LocalGlobe and Taavet Hinrikus....
...in one paparazzi flash” or a “fast n’ curious” AI who wants to “bridge the gap between humans and bots” and “can type faster than the speed of light”?...
...“So far, only bilateral talks are scheduled but we would stress that Canada and Mexico still strongly favour a trilateral deal despite Trump’s desire for bilateralism,” said strategists at TD Securities....
...Oh, to be a duvet-wrapped foreign exchange trader!...
...TD Bank has been building US presence since 2004, when it bought Banknorth Group, based in Portland, Maine....
...Francisco Riquel, an analyst at N+1, a Madrid-based investment bank, said the failure was a costly distraction for Santander in the US....
...On which note, here’s a bit more from TD Securities’ Richard Gilhooly on Monday: The week has started with a subdued tone, with most markets trading in tight ranges after the volatile end to last week....
...Financial institutions allegedly targeted include Automated Data Processing, E-Trade, Nordstrom Bank, PayPal, TD Ameritrade, USAA and Citibank N.A....
...Related link: Cut-out-n-keep guide to Bernanke’s testimony – FT Alphaville...
...With GC rates negative o/n it could also become more costly to run short positions if the depth and duration of a period of negative repo rates were to extend....
...Prior to that, he worked as an asset/liability analyst at TD Banknorth where he examined all interest bearing products on the balance sheet and performed associated modelling of return on investments and...
...TD Bank in the US is mainly the product of two big acquisitions – Maine-based Banknorth in 2005 and Commerce Bank, based in New Jersey, three years later – that have given the Canadians a presence in every...
...Several Canadian banks have a US presence. Toronto-Dominion sold its US TD Waterhouse brokerage operations to Ameritrade in 2006 in exchange for a stake in the new company....
...Joshua Williamson, strategist at TD Securities, said the central bank had acknowledged the country’s weakened growth prospects....
...TD Bank already had a presence in the US following its acquisition of Maine-based Banknorth and its 600 branches in eight states....
...TD took its first step into US retail banking just three years ago with the purchase of Maine-based Banknorth....
...The Massachusetts Bankers Association, whose members include Bank of America, Sovereign Bank and TD Banknorth, has this week issued statements highlighting the extent of the impact of the fraud on its clients...
...Hudson’s chief executive Kenneth Neilson will be replaced by a senior TD Banknorth executive when the deal is completed....
...The Canadian bank has been reshaping its businesses, refocusing on retail banking with last year's $3.5bn acquisition of a controlling stake in Banknorth of the US....
...to buy FleetBoston Financial for $47bn, and August last year, when Toronto-Dominion agreed to buy a majority stake in Banknorth for more than $3.5bn....
...Analysts expect Banknorth will provide TD with a beach-head for further acquisitions in the north-eastern US....
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