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Postmedia in the gutter

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Theresa Tedesco

Theresa Tedesco is chief business correspondent at the National Post, a columnist and author who has written extensively about banking for numerous publications, including The New York Times.

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Theresa Tedesco

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How a Toronto-based bank stormed the U.S. market May 2013
It is a rich bit of irony. Back in 1964, Finance Minister Walter Gordon sowed the seeds of what would eventually become Canada’s banking oligopoly when he imposed a 10 percent ownership limit on Canadian banks, ostensibly to protect Toronto-Dominion Bank from the clutches of Wall Street giant Chase Manhattan. The tactic worked: Chase Manhattan retreated and Canada’s banks remain widely…