Bank takeout??CF is the last of the large independent brokerage houses in Canada. It is also very well managed. The banks are used to buying at or near market tops. With CF, they are getting the last of the large and brokerage acquisitions make more sense today over mutual funds or managed assets. With underwriting markets looking to extend their gains for the foreseeable future, banks need distribution networks, not more managed assets. Its underwriting that is going to make the big bucks....BMO has not done much in Canada for a long time.....could see them making a bid for CF.