The Toronto-Dominion Bank (TD) and Wells Fargo
have unveiled a deal through which TD will buy the Canadian Direct Equipment Finance operation of Wells Fargo,
which is “subject to certain closing conditions,” according to a Thursday (Jan. 14) announcement.
TD’s acquisition of the business will close in the first six months of this year
“subject to receipt of regulatory and Competition Act approvals and clearance, and
satisfaction of other customary closing conditions,” according to the announcement.