Toronto-Dominion weighs WaMu bid: report

Tue Sep 23, 2008 2:38am EDT
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(Reuters) - Canada's Toronto-Dominion Bank is among the companies now weighing a bid for Washington Mutual Inc, The Wall Street Journal said, citing people familiar with the situation.

In addition to Toronto-Dominion, Citigroup Inc, J.P. Morgan Chase & Co, Wells Fargo & Co and Banco Santander SA are suitors for the Seattle-based thrift, the paper said, citing the people familiar with the situation.

WaMu continues to consider all options, from a straightforward sale to raising new capital to a government-assisted takeover, the paper said.

U.S. regulators also could purchase WaMu's riskier assets, making it easier for another bank to buy the rest, the Journal said.

Toronto-Dominion Bank could not be immediately reached for comment.

(Reporting by Ajay Kamalakaran in Bangalore; Editing by Paul Bolding)

<p>A man leaves a branch of Washington Mutual in the financial district of New York September 19, 2008. REUTERS/Lucas Jackson</p>