Why Toronto-Dominion Is Buying Scottrade for $4 Billion

The video discusses a merger between two companies, focusing on the scale and cost savings achieved by adding 3 million customers and $170 billion in assets. Despite market slowdowns due to ETFs and Robo Advisors, the merger offers strategic benefits like diversity and risk management. Cost-cutting strategies include branch closures and job cuts. The industry is seeing consolidation, with leadership aiming to expand assets in the U.S. Future opportunities include cross-selling and wealth management growth.

What opportunities do the companies see in combining their businesses?

What is the significance of the CEO's interest in acquiring more assets in the United States?