Banks Could Step Up US Presence, UBS Suggests

Dow Jones Newswires, Monica Gutschi, 22 February 2007If merger activity accelerates in the U.S. banking industry this year as expected, Canadian banks will probably join in the fray, UBS suggested Thursday.In a research note, analyst Jason Bilodeau said those banks with a U.S. retail presence already - Bank of Montreal, Royal Bank of Canada, and Toronto-Dominion Bank - would have to consider