TD Bank Reduces Schwab Stake to Fund $2.5 Billion Fines
TD Bank offloads 40.5 million Schwab shares, reducing its stake from 12.3% to 10.1%, to raise $2.5 billion for US anti-money-laundering fines.
TD Bank sold 40.5 million Schwab shares in August, reducing its stake from 12.3% to 10.1%, to raise $2.5 billion for fines related to US anti-money-laundering investigations.