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Stock Market & Financial Investment News

News Breaks
March 18, 2013
13:08 EDTHBC, TDHSBC to sell Canadian private label credit card portfolio to Toronto-Dominion
HSBC Retail Services, an indirect wholly-owned subsidiary of HSBC (HBC), has entered into an agreement to sell its consumer private label credit card portfolio to TD Financing Services, a wholly-owned subsidiary of The Toronto-Dominion Bank (TD). The gross value of the portfolio was approximately C$495M at February 28. This agreement accelerates the wind down of the Canadian consumer finance business originally announced by HSBC on March 21. The sale is expected to be completed in Q3.
News For HBC;TD From The Last 14 Days
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April 15, 2014
08:31 EDTTDCGI Group extends pact with TD Bank for investment funds platform
CGI (GIB) announces an extension to an existing agreement with TD Bank (TD) that will allow CGI to continue processing TD's mutual fund transactions under a managed services model until as late as 2026.

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