chrysler financial

TD Bank to Buy Chrysler Financial from Cerberus

Canada's second largest bank and private equity firm Cerberus Capital Management plan to buy automotive financial products and services company Chrysler Financial for approximately $6.3 billion in cash.

Toronto-Dominion Bank in Talks to Buy Chrysler Financial

Toronto-Dominion Bank (TD) is in talks to buy Chrysler Financial Corp. for as much as $7 billion, Bloomberg News said. Toronto-Dominion may reach an agreement with Cerberus Capital Management, the owner of the auto-loan company, as soon as this week, Bloomberg News reported without naming its sources.