TD Bank Group completed the acquisition of Cowen for $1.3bn.

TD Bank Group, a Canadian multinational banking and financial services corporation, completed the acquisition of Cowen, a diversified financial services firm that provides investment banking, research, sales and trading, prime brokerage, outsourced trading, global clearing, and commission management services, for $1.3bn. "We are very pleased to welcome Cowen to TD. Together, with greater scale, broader capabilities and deeper resources, we will continue to serve clients with excellence and accelerate the growth of TD Securities," Bharat Masrani, TD Bank Group President and CEO. On February 24, 2023, TD receives regulatory approval to acquire Cowen