TD Bank Will Meet Capital Requirements Without Issuing Stock

Toronto-Dominion Bank, Canada’s second-largest bank, will meet global capital requirements without issuing stock, Chief Executive Officer Edmund Clark said.

“We’re confident that we’ll meet the new capital requirements put in place by international regulators,” said Clark, according to the text of a speech he will deliver at the bank’s annual meeting today in Victoria, British Columbia. “We will do this on an accelerated basis without issuing common equity.”

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