Bharat Masrani - Business-News-Today.com

TD Bank Group scraps $13.4bn acquisition of First Horizon Corporation

By Pallavi Madhiraju on May 4, 2023 General news updates

TD Bank Group and US-based First Horizon Corporation have mutually agreed to scrap their previously announced $13.4 billion deal under which the Canadian banking group planned to acquire the latter. The deal has been terminated as TD Bank Group owing to regulatory uncertainty. TD Bank Group said that it has notified First Horizon that it […]

TD Bank to acquire American investment banking company Cowen for $1.3bn

By Pallavi Madhiraju on August 2, 2022 General business news

Toronto-Dominion Bank (TD Bank Group) has agreed to acquire Cowen Inc., a publicly-listed American investment banking company, in an all-cash deal worth $1.3 billion or $39 per share. The deal enables the Canadian banking group to grow its investment banking business and capabilities in the US. Bharat Masrani — TD Bank Group President and CEO […]