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wowalters

04/16/22 8:47 AM

#685662 RE: MadBadger #685659

My memories of the TD trying to acquire the east coast banking facilities was....

The FDIC did not want it to happen because TD was a Canadian company...

The figure used to purchase the east coast footprint was $20B...
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STRIKEEAGLE

04/16/22 11:23 AM

#685683 RE: MadBadger #685659

Roger that Mad... I remember the discussion well about TD Bank and their "interest"... it never had any wings because Ed Clarke decided there was too much risk because of some unknowns... which was a shared risk and concern of all suiters. I believe JPM had the inside track and took full advantage of the situation that Sheila and the The Gang put together.

My contacts at TD Bank run DEEEEEEEP and HIGH... not one of them can confirm there was ever a documented number.

In the end... it does not mean doo-doo-squat... time will shed some sunlight on the Cluster F... maybe...


AIMHO, STRIKE