UPDATE 5-Canada's TD Bank bets $6 bln on U.S. auto lending

Newswire

(Adds analyst's quotes, links; in U.S. dollars) By John McCrank and Cameron French TORONTO, Dec 21 (Reuters) - Toronto-Dominion Bank is buying Chrysler Financial for $6.3 billion, the second time in a week that a Canadian lender has placed a big bet on the U.S. economic recovery. Tuesday's cash deal, which includes about $400 million in goodwill, will make Canada's No. 2 bank one of North America's biggest bank-owned auto lenders. The bank won't issue any stock to fund its purchase ...

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