September 23, 2008 / 6:52 AM / in 9 years

Toronto-Dominion weighs WaMu bid: report

(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.

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

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below