TD eyes acquisition to aid US expansion

Posted On 8:02 AM // Leave a Comment

Every morning the Insider Intelligence team delivers research briefings covering key trends moving industries. As a bonus for being a frequent Insider reader, we're including some free content below.

Want more content like this daily? Join our FREE Insider Intelligence Daily newsletter by clicking here.

April 10, 2021

TD considers acquisition strategy for US expansion.

TD is still interested in using a major acquisition to beef up its US retail operations and is unbothered by the recent spikes in valuation for the regional lenders that would be TD's most likely targets.

If TD does decide on an acquisition, it'll fit neatly within the ongoing trend of consolidation among regional US banks to compete on a larger scale.

And as TD considers which regional bank to snap up, a strong move would be to prioritize one with digital capabilities that punch above its weight, as TD could draw on the company's technology to augment its own mobile banking offering.

Insider Intelligence's Greg Magana has the full story.

BRIEFING HIGHLIGHTS

Mastercard's new rewards should help revitalize purchase volume

Mastercard introduced perks for select consumer and small-business cards, which may help reinvigorate spending as it continues its pandemic recovery.

Coinbase earned more revenue in Q1 than all of 2020

Coinbase earned more in Q1 than all of 2020—good news for its IPO next week, which, should it be successful.

US consumers want Venmo to offer rewards

A full 3 in 5 US adults would use Venmo as a payment method if the app offered rewards.

Amazon eyes malls to expand distribution network

Amazon is buying empty malls to use as fulfillment centers, which could chip away at its rivals' core advantage.

Boomers have 10 times the household wealth of millennials

Boomers' household wealth increased by over $18 trillion since 2014, while millennial wealth increased by just $4 trillion.

DeFi's roadmap to financial services meets regulatory stop sign

DeFi applications could disrupt financial services, according to a Bank of America report, but the lack of regulatory control will hinder adoption.

Robinhood shelves trademark digital confetti ahead of IPO

Robinhood responded to regulators' user protection concerns to allay future investor anxieties in the buildup to its IPO.

Retail foot traffic is positioned to rebound this spring

Retailers may want to take advantage of the anticipated rise in brick-and-mortar traffic this spring by upgrading their stores with new attractions.

Revolut and Starling see blue skies ahead after a difficult year

Revolut and Starling are showing signs of pivoting from survival to growth after a year in which the pandemic upended neobank strategies.

Instacart and DoorDash look to launch credit cards

Both firms are gearing up to dive into the credit card space to help incentivize spending, which should position them for growth post-pandemic.

RESEARCH IN FOCUS

Future of Retail 2021

The coronavirus pandemic has caused retailers to retool their operational, merchandising, and marketing strategies to align with consumers' changing shopping habits. This report looks at our 2021 US retail and ecommerce sales forecast, highlighting 10 key trends representing the most significant shifts in retail and consumer behavior next year.

Get the full report →

The Global E-Commerce Landscape

Insider Intelligence examines the effects of the coronavirus pandemic on the development of the e-commerce markets in India, Indonesia, Mexico, and Nigeria. We lay out the major e-commerce players in each country, including both domestic firms and companies based around the world, to examine the level of competition in the four markets.

Get the full report →

The Embedded Finance Explainer

This report defines the concept of "embedded finance" and explains its potential impact on how financial services and products are distributed and consumed. It also provides real-world examples to illustrate how embedded finance works in practice.

Get the full report →