TD Says Deals Are Possible as Banks Look to Spend Extra Capital
- RBC also mentions possibility of M&A to grow U.S. business
- Scotiabank CEO says firm to buy back stock as soon as allowed
A TD Bank branch in New York.
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Toronto-Dominion Bank Chief Executive Officer Bharat Masrani said investors shouldn’t be surprised if the firm takes advantage of the downturn to make acquisitions.
While Toronto-Dominion likes to maintain a conservative capital profile, Masrani said, Canada’s largest bank by assets will consider compelling takeover opportunities that make financial and strategic sense, and have a cultural fit.