TD to Weather Enron Easily

Globe and Mail, Omar El-Akkad, 12 August 2005Toronto-Dominion Bank will likely not take a significant hit to its book value if it settles in the Enron class action lawsuit, unlike the Canadian Imperial Bank of Commerce.TD could incur a pre-tax charge of roughly $850-million before it impacts the bank's book value, according to National Bank Financial analyst Robert Wessel.CIBC erased about 25 per