Opinion

Felix Salmon

Canadian banking: The year in headlines

By Felix Salmon
December 21, 2010

January 14: Cash-rich Canada banks shy away from acquisitions

September 15: Canada banks eye growth as capital shackles drop

December 17: Canada’s BMO buying U.S. M&I bank for $4.1 billion

December 21: TD Bank to buy Chrysler Financial for $6.3 billion

Comments
One comment so far | RSS Comments RSS

Bank regulations and sound banking practices are what keep our banks solvent but not sure this is the time to be doing this kind of acquisition.

I see the name Cerberus and run, myself, but being it is a separate entity to the auto industry, perhaps it has merit. I wonder what the carrot was to buy?

Posted by hsvkitty | Report as abusive
 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •