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<blockquote data-quote="klein" data-source="post: 792360" data-attributes="member: 23950"><p><strong><span style="font-size: 12px">Canadian Banks taking over US banks and financial institutions !</span></strong></p><p> </p><p><a href="http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201012211114dowjonesdjonline000247&title=2nd-update-td-bank-confirms-63-billion-chrysler-financial-buy" target="_blank"><span style="font-size: 15px"><span style="color: blue">TD</span><span style="color: blue"> Bank Confirms $6.3 Billion Chrysler Financial Buy</span></span></a></p><p> </p><p> </p><p><a href="http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=TD&selected=TD" target="_blank">TD</a>'s deal caps a year of several U.S. acquisitions made by Canadian lenders, which emerged from the financial crisis relatively unscathed and in a stronger position than its U.S. peers. Ranked the soundest by the World Economic Forum for three straight years, Canadian banks are using their excess capital to diversify and expand outside of their home market. Last week, Bank of Montreal, the country's fourth-largest lender, agreed to buy Milwaukee, Wis.-based Marshall & IIsley Corp. (MI) in a share swap valued at $4.1 billion, its biggest deal in 26 years.</p><p> </p><p>Earlier this year, <a href="http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=TD&selected=TD" target="_blank">TD</a>, the largest shareholder in <a href="http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=TD&selected=TD" target="_blank">TD</a> Ameritrade Holding Corp. (AMTD), bought Greenville, S.C.-based South Financial Group Inc. and three troubled Florida banks from the Federal Deposit Insurance Corp. to extend its footprint down the U.S. eastern seaboard from Maine to Florida. <a href="http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=TD&selected=TD" target="_blank">TD</a>, which has spent about C$20 billion over the past six years to build its U.S. consumer bank, now has more bank branches in the U.S. than in Canada.</p></blockquote><p></p>
[QUOTE="klein, post: 792360, member: 23950"] [B][SIZE=3]Canadian Banks taking over US banks and financial institutions ![/SIZE][/B] [URL="http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201012211114dowjonesdjonline000247&title=2nd-update-td-bank-confirms-63-billion-chrysler-financial-buy"][SIZE=4][COLOR=blue]TD[/COLOR][COLOR=blue] Bank Confirms $6.3 Billion Chrysler Financial Buy[/COLOR][/SIZE][/URL] [URL="http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=TD&selected=TD"]TD[/URL]'s deal caps a year of several U.S. acquisitions made by Canadian lenders, which emerged from the financial crisis relatively unscathed and in a stronger position than its U.S. peers. Ranked the soundest by the World Economic Forum for three straight years, Canadian banks are using their excess capital to diversify and expand outside of their home market. Last week, Bank of Montreal, the country's fourth-largest lender, agreed to buy Milwaukee, Wis.-based Marshall & IIsley Corp. (MI) in a share swap valued at $4.1 billion, its biggest deal in 26 years. Earlier this year, [URL="http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=TD&selected=TD"]TD[/URL], the largest shareholder in [URL="http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=TD&selected=TD"]TD[/URL] Ameritrade Holding Corp. (AMTD), bought Greenville, S.C.-based South Financial Group Inc. and three troubled Florida banks from the Federal Deposit Insurance Corp. to extend its footprint down the U.S. eastern seaboard from Maine to Florida. [URL="http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=TD&selected=TD"]TD[/URL], which has spent about C$20 billion over the past six years to build its U.S. consumer bank, now has more bank branches in the U.S. than in Canada. [/QUOTE]
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