Monday, August 29, 2011

Ed Clark on TD

Bloomberg Interviews Toronto-Dominion's Ed Clark

June 3 (Bloomberg) -- Edmund Clark, chief executive officer of Toronto-Dominion Bank, talks about the bank's performance and lending in Canada, its U.S. growth and retail bank customer service. Toronto-Dominion Bank is Canada’s second-largest bank. Clark speaks with Lisa Murphy on Bloomberg Television's "Fast Forward." (Source: Bloomberg)


Anonymous said...

Considering the carnage left on Wall Street last Friday (Sept. 2) and the after affects from the 2008 financial crisis created by the federal government through their GSE's Fannie & Freddie, it is interesting that any bank or banker is as upbeat as this Canadian. Perhaps this bank will be the last one standing after the continuing financial/banking carnage here and in the European Union is finally completed.

It seems to me that we keep moving inexorably towards a 21st century version of 1933. Stay tuned. It is interesting to note that the bank failures in the US in the 1930s were not followed by the much more centralized Canadian banks that did not fail.

May you live in interesting times.

Here's an interesting fact that I have not heard the dinosaur media report: Sept. 7 the German's top court is scheduled to rule on whether or not the Merkel bailout for Greece meets Deutschland's Constitution. In the unlikely event the court says, "no," look for an immediate collapse of the Euro. If the court, say "yes," the Euro/bank crisis will continue to lurch forward.

Dr. Malcolm C. Harris, Sr. said...

Friday's carnage had much to do with the jobs report. Personally, the report was not as bad as it looked: there were some positive surprises from the household survey.

You are right. The fragmented U.S. banking system made it particularly vulnerable in ways the concentrated banking sector of Canada was not. The Fed failed abysmally as a lender of last resort.

You are right the German supreme court is ruling on the Greek bailout's constitutionality ( see .)

If one of the Euro using nations defaulted, would the Euro collapse? The weak of credit might no longer get German style interest rates, but the Euro would still be a fine medium of exchange.