The Canadian bank plans to exit its 10.1% interest in the brokerage firm, allowing it to shore up capital and strategically ...

Toronto-Dominion Bank will exit its investment in Charles Schwab, the Canadian bank's first big move under new Chief Executive Raymond Chun to shore up its business following a costly money-laundering ...

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TORONTO — TD Bank Group is gearing up for Canadian expansion efforts as it cashes in $20 billion worth of stock in The Charles Schwab Corp.

TD Bank Group (TD) plans to sell its entire 10.1% equity investment in Charles Schwab (SCHW) through a public offering and use part of the proceeds to buy back C$8B (US$5.6B) of its own stock, the ...

The sale of TD’s 10.1 per cent interest in Schwab will net the Canadian bank US$13.9 billion after taxes and fees, executives said on an investor call Tuesday.

The agreement allows clients’ cash balances held in Schwab brokerage accounts “to be swept into deposit accounts at TD Bank,” providing them with Federal Deposit Insurance Corp.’s insurance, which, ...

TORONTO — TD Bank Group plans to sell its 10.1 per cent stake in the Charles Schwab Corp. as it continues work to recover from the fallout of its anti-money laundering failures in the United States.

Toronto-Dominion Bank will exit its investment in Charles Schwab, the Canadian bank’s first big move under new CEO Raymond ...