Downturn has Banks Ready to Cut Costs

The Globe and Mail, Tara Perkins, 23 January 2008Toronto-Dominion Bank chief executive Ed Clark wants employees to cut back on their �nice to do� expenses, but is assuring his team that he plans to keep investing for future growth despite the increasingly worrisome business environment.An e-mail he sent to his senior executives on Monday highlights the anxiety that has rippled through the