In what is the least surprising turn of events in North American banking, Toronto-Dominion Bank (CA:TD) and Tennessee-based First Horizon (US:FHN) have mutually agreed to call off their $13.4 billion

First Horizon, TD Bank terminate merger agreement

03:53pm, Thursday, 04'th May 2023
Yahoo Finance Live's Ines Ferre reports that First Horizon and TD Bank have agreed to terminate their merger deal.
That was First Horizon Bank Corp. CEO D. Bryan Jordan's take in an interview with CNBC on the operations of his bank since it announced a takeover by TD Bank for about $13 billion in February of 2022.
First Horizon CEO Bryan Jorda joins 'Squawk on the Street' to discuss the contraction in regional bank values, First Horizon-TD deal termination, and plans for future deals.
That collective sigh of relief you heard when JPMorgan Chase & Co. NYSE: JPM purchased the assets of First Republic Bank has morphed into panic. Another regional bank, PacWest Bancorp NASDAQ: PACW con
TD Bank and First Horizon had already extended their merger agreement in February. Large bank mergers have had a more difficult time receiving regulatory approval under the Biden administration.
First Horizon (NYSE: FHN ) stock fell 40% overnight, and other regional bank stocks also crashed, after it terminated its merger with Toronto Dominion Bank (NYSE: TD ). PacWest (NASDAQ: PACW ) fell 34
Toronto-Dominion Bank and First Horizon National Corporation (NYSE:FHN) announced on Thursday an agreement to terminate their previously announced $13.4 billion merger as uncertainty swirled around th
CEO Bryan Jordan said the closed merger was “unfortunate and unexpected.”
TD Bank and First Horizon Bank have called off their $13.4 billion merger. The financial institutions announced the end to their agreement in a joint statement Thursday morning (May 4), saying the dec

Why Is First Horizon (FHN) Stock Down 43% Today?

08:41am, Thursday, 04'th May 2023
First Horizon (NYSE: FHN ) stock is taking a beating on Thursday after the company failed to complete its merger with TD Bank (NYSE: TD ). First Horizon and TD Bank have both agreed to end the merger
Thursday's moves come less than a week after First Republic was seized by regulators and sold at a discount to JPMorgan Chase.
First Horizon and TD Bank have called off a $13 billion deal that would have formed America's sixth-largest bank, adding to the turmoil sweeping the country's regional lenders.
The companies said the decision was made after TD Bank considered that obtaining the regulatory prerequisites wasn't certain.

TD, First Horizon call off $13.4 bln deal

06:33am, Thursday, 04'th May 2023
First Horizon Corp and Toronto-Dominion Bank Group have agreed to call off their $13.4 billion deal, the banks said on Thursday.
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