Toronto Dominion/CIBC Merger Latest In List Of Banking Combos
BANKS
TORONTO--Toronto Dominion Bank (TD) and Canadian Imperial Bank of Commerce (CIBC) are the latest in the growing list of banks unable to resist the urge to merge. Market participants say this latest marriage could produce a solid medium to large scale player in the North American FX markets.
Most market participants agree that last week's surprise announcement means any plans to proceed with an integration are only in an embryonic stage. The deal still has a number of hurdles to overcome
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