Big news in the banking world! Toronto-Dominion Bank (TD Bank) in Canada just sold a big chunk of its shares in a U.S. company called Charles Schwab. This was a big decision after TD Bank had some legal trouble. It's all part of a plan to make things simpler and stronger.
- TD Bank sold most of its shares in Charles Schwab for about $13.1 billion.
- This happened because TD Bank had to pay a large fine for breaking a law.
- The money from the sale will help TD Bank buy back some of its own shares and grow.
| Fact | Number |
|---|---|
| Amount of shares sold | 165.4 million |
| Sale price per share | $79.25 |
| Total sale amount | $13.1 billion |
| Fine paid by TD Bank | Over $3 billion |
