TD BANK BUYS STANDARD
By Adnews Staff
Toronto Dominion Bank has bought Standard Chartered Bank of Canada, a Schedule 2 bank owned by U.K.-based Standard Chartered Bank PLC. Standard does business in the areas of trade finance, personal banking and commercial lending. TD will expand these businesses after integrating them into its current operations. About two-thirds of Standard's $90 million in assets is in trade finance. The rest consists of commercial and personal loans, and other bank deposits.
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