TD Banknorth Cuts 400 Jobs

Financial Post, Duncan Mavin, 23 March 2007TD Banknorth, the U.S. retail banking unit of Toronto Dominion Bank, is slashing its workforce by 400 and closing 24 branches.The cuts could include up to 70 non-branch jobs, according to Blackmont Capital analyst Brad Smith.The measures could result in �one-time costs in the US$30-40-million range� said Mr. Smith. Portland, Maine-based Banknorth has