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

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

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