TD Bank Group has recently announced that it has completed the acquisition of substantially all of MBNA Canada’s credit card portfolio, not to mention other assets and liabilities from Bank of America Corporation. MBNA Canada is currently the largest MasterCard issuer and the fourth largest credit card issuer in the country. With the end of

TD Bank Group (TD) and the Bank of America Corporation has announced a definitive agreement in which TD will be purchasing MBNA Canada’s credit card portfolio, and a few other assets and liabilities. This transaction will cost TD a modest premium on top of the expected $8.5 billion of credit card receivables at closing. This