Toronto Dominion Bank Expects to Spend $25 Billion to Expand in the U.S.

“Toronto-Dominion Bank (TD) said it will consider buying assets similar to its purchase of Chrysler Financial Corp. to bolster U.S. operations amid signs of a “modest” turnaround in the world’s largest economy.

The $6.3 billion purchase of auto loans from Cerberus Capital Management LP last year is “a great example of an asset class that we really like,” Chief Financial Officer Colleen Johnston said yesterday in an interview at Bloomberg’s New York headquarters. “We’re continuing to think about acquiring assets and we continue to look.”

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