
TD Bank to exit US$15.4B stake of Charles Schwab as new CEO begins overhaul – National
Toronto-Dominion Bank announced on Monday it will exit from the 10.1% stake it has in financial services firm Charles Schwab, as part of a strategic review undertaken by the Canadian lender following a landmark fine from U.S. regulators. TD holds 184.7 million shares of Schwab’s common stock, worth roughly $15.4 billion based on its last…