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BOSOTN-Toronto-based TD Bank Financial Group–the parent company of local TD Bank–is infusing the Boston-based affiliate with $999 million, according to the Boston Business Journal. The stumbling giant can now boost 7% of its equity capital, thanks to the extra cash.

The monies are being put toward roughly $1 billion in unrealized losses from 2008 for TD Bank, which need to be shored up to prevent a capital hit. Most of the losses are associated with Alt-A mortgage defaults.

To read the full Journal story, click here.

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