Saeed Azhar
(Reuters) -Bank of America agreed to buy a portfolio of housing mortgage loans in the amount of $ 9 billion from Toronto -Domination Bank, a source familiar with this question on Friday.
TD did not immediately respond to the commentary request.
Canadian Late Director Raymond Chun said at the banking conference in January that the bank would consider leaving some loan portfolio.
In October last year, TD said he would focus on restructuring the balance sheet in the fiscal 2025. After declaring himself guilty of violating the US law aimed at preventing money laundering and agreed to pay a combined $ 3 billion.
The lender, who has invested in his growth in the US retail market, must now narrow his efforts to adhere to the rare restriction of the property imposed by regulators. His American job has more than 1,100 branches and almost 10 million customers, making it 10. The largest bank in the country.
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