TD Bank Financial completes purchase of Chrysler Financial

TD Bank Financial completes purchase of Chrysler Financial: "TD Bank Financial Group said Friday it closed its acquisition of auto lender Chrysler Financial from private equity firm Cerberus Capital Management. When the deal was announced in December, TD (NYSE:TD), the Toronto-based parent to TD Bank, said the purchase would be comprised of $5.9 billion in net assets and $400 million in goodwill. TD’s existing retail auto lending business will be combined with Chrysler Financial. TD expects to rebrand Chrysler Financial under the TD Auto Finance brand later this...

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