Market Currents

• Friday, August 21, 2009

• 19:24 PM With its takeover of Guaranty Bank (GFG), BBVA is the first foreign company to buy a failed bank in the current crisis, but others are lining up to make bids, including France's BNP Paribas (BNPQY.PK), Canada's Toronto-Dominion Bank (TD), and the Netherlands' Rabobank. Fortune: Foreign banks have their own issues and can't rescue everyone. Comment!

• Monday, August 17, 2009

• 07:15 AM Regulators reportedly ask potential bidders to submit bids for Guaranty (GFG) by today, and are hoping Toronto Dominion (TD), JPMorgan (JPM) and BBVA will step up. A P-E consortium, including Carlyle, Blackstone (BX) and TPG, are also considering a bid. Comment!

• Friday, February 6, 2009

• 09:13 AM TD Ameritrade (AMTD) +1.3% premarket. TD Bank (TD) is boosting its stake by 5% to 45%. Comment!

• Tuesday, November 25, 2008

• 09:03 AM Premarket losers: RTP -33%. AXA -7%. TD -7%. LM -7%. SNE -5%. NRG -5%. Comment!

• Tuesday, September 23, 2008

• 07:01 AM Toronto-Dominion Bank (TD) mulls a WaMu (WM) bid. Comment!

• Thursday, August 28, 2008

• 08:35 AM Toronto Dominion Bank (TD): FQ3 EPS of C$1.35 misses by C$0.10. Revenue of $C4.04B in-line. [PR] Comment!

• Monday, June 30, 2008

• 08:24 AM The $35B takeover of BCE Inc. (BCE) will likely be delayed until year-end, due to tensions between its private-equity buyers and lenders (C, DB, RBS, TD) pushing for a lower price. Comment!

• Monday, June 23, 2008

• 08:05 AM BCE (BCE) is up 10.4% to $37.60 after the Canada Supreme Court overturned a ruling to block its C$34B LBO. Still to be seen: Will financers C, TD, DB and RBS push for renegotiated terms? Comment!