02.10.25

TD Bank Seeks To Raise $14 Billion in Schwab Stake Exit

by: Christine Dobby

Toronto-Dominion (TD) Bank expects to raise about $14 billion through the sale of its entire stake in Charles Schwab Corp. The sale is new Chief Executive Officer Raymond Chun’s first major strategic move after officially succeeding Bharat Masrani on Feb. 1. Chun, who was tapped for the top job in September, has spent the past several months conducting a strategic review of Toronto-Dominion’s operations.

Read the full article on Bloomberg