Toronto-Dominion Bank has agreed to buy Chrysler Financial, the automaker’s old lending arm, from private equity firm Cerberus Capital Management LP for $6.3 billion. Cerberus acquired the lender when it bought most of the automaker for $7.4 billion in 2007. Cerberus lost control of Chrysler when the automaker nearly ran out of cash and faced liquidation in 2008. Get the full story »
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