TD Bank to sell $15B stake in Charles Schwab
TD Bank currently holds 184.7 million shares of Schwab (NYSE: SCHW), or a 10.1% stake. Shares of Schwab were down almost 3% in morning trading on Feb. 10 to around $80.70, valuing TD's stake at approximately $15 billion. TD became Schwab's largest shareholder following the latter's $26 billion acquisition of Ameritrade in 2020.
Toronto-Dominion Bank’s Canadian operations and capital-markets franchise will be priorities under new Chief Executive ...
The lender is investing more in its Canadian businesses as it adapts to regulatory restrictions imposed on its U.S.
A longtime TD Bank executive took over as the Canadian lender's CEO on Saturday, tasked with steering it through an anti-money laundering remediation program after it paid a historic fine to U.S.
A woman accused of robbing a Mercer County bank last summer with a toy gun and making off with over $60,000 is now facing ...
Selling its remaining 10.1% ownership for an estimated US$14-billion as the bank remediates anti-money-laundering failings ...
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Bank of America to acquire TD Bank’s $9bn jumbo mortgage portfolioFor TD Bank, the sale is part of efforts to adjust its balance sheet to meet a $434bn cap on its US retail banking assets.
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