21.5 C
Home Tags Cowen

Tag: Cowen

TD to buy Cowen for US$1.3-billion, doubling down on ambitious U.S....

Toronto-Dominion Bank TD-T is acquiring New York-based investment bank Cowen Inc. for US$1.3-billion, speeding up a decade-long plan to make TD’s capital markets division a cross-border competitor and doubling down on a U.S. expansion plan that has kicked into high gear.Cowen is an independent dealer with 1,700 staff that specializes in U.S. equities, an area