[ushahid]

My sister and her inlaws live in a town near Worcester, Massachusetts and there is a outlet mall that has TD's branding all over. TD is apparently a big thing in Mass.

 

[UtakataNoAnnex]

I've always found it interesting that Toronto-Dominion Bank owns the naming rights to TD Garden in Boston where the Bruins and Celtics play.

Thankfully, Scotia Bank owns the arena where our respective teams play...so there's no conflict of interests there.

 

[evandyk]

TD bought an American bank (Banknorth) with a large presence in New England, which is why their fingerprints are all over Boston etc.

 

[Johnny Au]

During the 2008 housing crisis, some of the major Canadian banks expanded further into the United States, some via acquisitions. Toronto-Dominion is one such bank that expanded.

 

[Natika33]

Indeed, my US friends were amazed when I told them that the "T" stands for Toronto. Probably wisely, they do not publicise their Canadian roots!

Yes, it was fun shocking my friend from New Jersey with that fact. All the banks moved to using their initials as their official branding around 2000 which I heard was to open up the possibility of becoming more international.

 

[daptive]

Yes, it was fun shocking my friend from New Jersey with that fact. All the banks moved to using their initials as their official branding around 2000 which I heard was to open up the possibility of becoming more international.

Scotiabank sitting in the corner alone

 

[Argol]

Scotiabank sitting in the corner alone

Funnily enough, Scotiabank has a huge Latin America presence (the biggest of any Canadian bank), and plenty of Latin Americans I know aren't aware it's a Canadian bank. They'd been banking with Scotiabank even before they moved to Canada, and didn't even realize.

 

[Natika33]

Scotiabank sitting in the corner alone

Forgot about them! But even "Scotia" is obfuscating their old name, "Bank of Nova Scotia" a bit. I wonder if some people think it originated in Scotland?

 

[evandyk]

The Canadian banks can't really expand in Canada since the market is neatly divided among them (all they can do is make marginal gains at other banks' expense, and the other banks fight back hard) so international growth is really the only way they can spend their money to grow. TD has done that in the eastern coastal areas, BMO around Chicago/midwest, Scotiabank in the Caribbean/Latin America.

 

[rdaner]

And now TD has signed an agreement with an Indian bank.

 

[evandyk]

That’s not really expanding an international presence though. It’s really just to provide services to students coming to study in Canada.

 

[Red Mars]

Mar 28, 2024

 

[rdaner]

That’s not really expanding an international presence though. It’s really just to provide services to students coming to study in Canada.

Ok I see that. But it could also be the first step in a much longer process based on our country’s demographic realities.

 

[evandyk]

It’s really just an extension of the international student GICs they offer. Everyone coming to study here has to post something like $10,000 (I think it increased this year) and they mostly do it by buying a GIC. This is just to hook them easier into that.

 

[AHK]

March 28 - Hopefully TD Terrace will be a bit faster about fixing non-working LED sections than Aura's property management and Boards.