TD faces risk of losing CT's customers

Article Abstract:

Toronto-Dominion Bank has signed a deal to acquire Canada Trust for C$7.85 billion. However, the deal may alienate customers who prefer to deal with Canada Trust, which as built a reputation of providing its 3.7 million customers with a better level of service than the big banks. To prevent this scenario. TD said that it will convert the name of its retail bank to TD Canada Trust, and will adopt the trust company's model of service.

United States, Asset sales & divestitures, Acquisitions & mergers, Nondepository Credit Intermediation, Nonbank Credit Institutions, Financial institutions, Canada Trust

---

Scotiabank, BMO exceed profit forecasts

Article Abstract:

Bank of Nova Scotia and Bank of Montreal both beat third quarter earnings forecasts, Scotiabank taking in $554 million and BMO taking in $444 million.

Sales, profits & dividends, Banking industry, Finance, Bank of Montreal, Bank of Nova Scotia

---

Similar abstracts:

• Abstracts: Bank error in your favour: Collect $17-million. Scotiabank posts record profit for quarter, year. RBC posts record year-end profit
• Abstracts: National Bank boss opposed to mergers. S&P too hard on banks, regulator says
• Abstracts: Comac to open more Domino's pizza outlets. Scotiabank raises stake in Chilean bank. Canadians back close economic links with U.S
• Abstracts: AirCanada loses case. Scotiabank aims to block Air Canada retention perks
• Abstracts: Sears takes axe to costs as it warns of slowdown. Bay to fall short of profit target. Sears posts preliminary results

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.