This Foreign Bank Is Ready to Make an Acquisition in the U.S.

Toronto-Dominion Bank (NYSE: TD) is apparently interested in bulking up its U.S. banking operations.

"With respect to major mergers and acquisitions in the United States, we're very open," TD Bank's CEO Bharat Masrani told Bloomberg recently. "If we can find some opportunity that fits all our criteria, we will look at it very seriously, and our capital gives us that flexibility."

As the largest bank in Canada, TD Bank has more than $1.73 trillion in assets and already a sizable U.S. operation.

Source Fool.com