Domestic offering expected to close June 15
They won’t be making any major U.S. acquisitions until revisions to global banking regulations are complete
Opportunities for TD to expand and leverage its retail banking in U.S. Southeast
South Financial operates 176 branches in the Carolinas and Florida
Small transaction meaningfully strengthens bank’s presence on Caribbean island
Qtrade can expand its fund selection; Meritas gets country-wide exposure for its SRI funds
Acquisition includes assets of US$5.6 billion, 29 branches
Deal reflects CIBC’s focus on growth in business banking
Deal values firm at £395 million
Forestry, industrials and media/technology sectors fared the worst during the recession