E*Trade Financial Corp., New York, and TD Bank Financial Group, Toronto, have said the parties mutually agreed to terminate discussions that could have led to a possible merger transaction.The statement said both companies agree that "while there were potential benefits to concluding a transaction that merited serious discussions, they were unable to arrive at mutually agreeable terms." E*Trade originates mortgages through E*Trade Mortgage. TD Bank Financial Group is the parent of investment firm TD Waterhouse and of Canadian retail banker TD Canada Trust. E*Trade can be found on the Web at http://www.etrade.com.
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