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Toronto-Dominion Bank T.TD

Alternate Symbol(s):  TD | TDBCP | T.TD.PF.A | TDOPF | T.TD.PF.C | T.TD.PF.D | TDBKF | TDOMF | T.TD.PF.E | T.TD.PF.I | T.TD.PF.J

Financial Services
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank's segments include Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. Its Canadian Personal and Commercial Banking segment offers a full range of financial products and services to approximately 15 million customers in the Bank’s personal and commercial banking businesses in Canada. Its U.S. Retail segment offers a range of financial products and services under the brand TD Bank, America’s Most Convenient Bank. U.S. Retail Segment also TD Auto Finance U.S., TD Wealth (U.S.) business. Wholesale Banking segment operates under the brand name TD Securities, which offers a range of capital markets and corporate and investment banking services to corporate, government, and institutional clients. Its Wealth Management and Insurance segment provides wealth solutions and insurance protection to approximately six million customers in Canada.


TSX:TD - Post by User

Toronto-Dominion Bank
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Comment by mpetiton Jan 07, 2008 7:17pm
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Post# 14164522

RE: rumour....

RE: rumour....
TD Bank Reiterates It Has No U.S. Sub-Prime Exposure
January 7, 2008 6:37pm ET

DOW JONES NEWSWIRES

Toronto-Dominion Bank (TD) reiterated Monday that it has no direct or indirect exposure to U.S. subprime mortgages.

The company also said Commerce Bancorp Inc. (CBH) has no direct or indirect exposure to U.S. subprime mortgages in its investment portfolio, and "nominal" exposure in its loan portfolio.

TD agreed to acquire Commerce for $8.5 billion in October.

"TD continues to be comfortable with the credit quality of Commerce's investment and loan portfolios," Toronto-Dominion said in a statement.

TD shares fell 2.4% to $65.38 during Monday trading on speculation the bank may announce a big mortgage-related write-down.

Commerce Bancorp said in a regulatory filing on Monday that it will set aside $50 million to $60 million to cover loan losses in the fourth quarter, partly from real- estate and leveraged-loan exposures. That's up from $26 million in the third quarter.

Commerce shares fell 2% on Monday.

-Alistair Barr; 415-439-6400; AskNewswires@dowjones.com

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