Both Canadian banks are awaiting green lights from regulators for their pending acquisitions of U.S. banks. "We don't control the timing of all the regulatory approvals," TD's chief executive said Tuesday.
State Street’s $3.5 billion proposed takeover of Brown Brothers Harriman’s Investor Services has now been mutually terminated. Here, Global Custodian takes a look back at the timeline of key events that led to this point.
The transaction, which would have created the country's largest custody bank, was derailed after regulators demanded certain changes. The seller said that it has no plans to find a new buyer for its investor services business.