The head of Toronto-Dominion Bank (TD) said Thursday that he is not interested in buying Royal Bank of Scotland's U.S. operations.

On Thursday, RBS announced it would pursue a deal to appease its regulators by selling 25% of Citizens Financial Group in Providence, R.I., to the public. The move had been expected, and speculation has been rampant for days whether other banks, including Toronto-Dominion, would try to buy Citizens outright.

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