TD Bank Buys Chrysler Financial

Filed under: International Markets, Deals, From the Boards, Market Matters, Money and Finance Today, Canada, Headline News

Canadian banks weathered the financial crisis much better than their American counterparts. Toronto Dominion Bank (TD), Canada's second largest, has a strong balance sheet and is rated triple A by Moody's.



The Financial Times reports that TD bank bought the loan book of Chrysler Financial from Cerberus Capital Management for $6.3 billion. When Chrysler went bankrupt, Cerberus retained Chrysler Financial, which it has now sold to TD Bank.

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TD Bank Buys Chrysler Financial originally appeared on BloggingStocks on Tue, 21 Dec 2010 15:00:00 EST. Please see our terms for use of feeds.

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