Bank of America Corp to sell credit card business to TD Bank Group
Bank of America Corp has decided to sell its credit card business in Canada to TD Bank Group as a part of plan by the largest US bank to shed assets and rebuild its capital base, Economic Times reported.
TD Bank Financial Group Inc. today announced that it has signed a definitive agreement with The South Financial Group, Inc. , for TD to acquire 100% of the outstanding common shares of South Financial for approximately $61 million in cash or TD common stock.