TD Bank's Shift in US Deposit Strategy May Hurt Profits

Financial Post, David Pett, 16 September 2008Toronto-Dominion Bank may take an earnings hit as it changes its US deposit strategy to combat fierce competition, says Brad Smith, analyst at Blackmont Capital.Mr. Smith said that TD management has adapted a new strategy to curb deposit base erosion as a result of "irrational " competitor deposit pricing. The analyst said the response highlights a "