Toronto-Dominion Bank will exit its investment in Charles Schwab SCHW2.50%increase; green up pointing triangle, the Canadian bank’s first big move under new Chief Executive Raymond Chun to shore ...

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 ...

TD did not immediately respond to a request for comment. The Canadian lender's CEO Raymond Chun had said at a banking conference in January that the bank would look at exiting some loan portfolios.

“As part of our strategic review, we have been evaluating capital allocation and have made the decision to exit our Schwab investment,” TD Bank CEO Raymond Chun said in a statement.

This is TD’s first major move under new CEO Raymond Chun, who took the helm Feb. 1. “As part of our strategic review, we have been evaluating capital allocation and have made the decision to ...

Newly minted TD chief executive officer Raymond Chun has been conducting a strategic review to turn around the bank as it invests in extensive remediation requirements to fix gaps in its ...

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 ...

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

Shares of banks and other financial institutions gave back some recent gains after a warning from one major credit-card lender. American Express shares fell after the credit-card firm's chief ...