DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Niket Nishant Nivedita Balu"


2 mentions found


☆ Canadian lender TD calls off $13.4 bln deal to buy First Horizon Bank
  + stars: | 2023-05-04 | by ( Niket Nishant Nivedita Balu | Niket Nishant | Nivedita Balu | ) www.reuters.com   time to read: +2 min
May 4 (Reuters) - Canadian lender Toronto-Dominion Bank Group (TD.TO) has called off its deal to acquire First Horizon Corp (FHN.N) for $13.4 billion on Thursday, sending the U.S. bank's shares down 44.5% in premarket trading. As part of the termination, TD will pay $200 million to First Horizon in addition to a $25 million fee reimbursement, the banks said. TD first agreed to buy First Horizon in February last year to expand its presence in the United States. Since then, the lender has acquired New York-based boutique investment bank Cowen Inc for $1.3 billion this year. ORTEX data from early last month showed the second-largest Canadian lender was the world's most shorted banking stock.
☆ Canada's TD calls off $13.4 billion First Horizon buy
  + stars: | 2023-05-04 | by ( Niket Nishant Nivedita Balu | Niket Nishant | Nivedita Balu | ) www.reuters.com   time to read: +2 min
First Horizon and TD said in a statement they had mutually decided to end the deal because there was no clarity on when they would get regulatory approvals. TD will pay $200 million to First Horizon, in addition to a $25 million fee reimbursement. 2 lender came under pressure from some investors to scrap the purchase after the U.S. regional banking crisis. TD agreed to buy First Horizon in February last year to expand its presence in the United States. Average deposits at First Horizon fell 4% to $62.2 billion in the first quarter, compared to the end of last year.
0 next >>
Total: 2