September 5, 2012 / 3:02 PM / 5 years ago

BRIEF-TD Bank CEO says focused on cutting costs due to low rates

TORONTO, Sept 5 (Reuters) - Toronto Dominion Bank : * CEO says not to read too much into dividend payout ratio hike from last week * TD CEO clark says sustained low interest rates forcing bank to make a

fundamental shift to controlling costs * TD’s clark says bank has “modest” operations outside North America, hasn’t

found a compelling space to enter yet

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