Canada's Toronto-Dominion Bank said it would offload its 10.1% stake in U.S. financial services firm Charles Schwab , as part of a strategic review undertaken following a landmark U.S. fine.

TD Bank Group (TSX: TD) (NYSE: TD) announced on Monday its plans to sell its entire equity investment in The Charles Schwab Corporation (NYSE: NYSE:SCHW).

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 is preparing for expansion in Canada following the sale of $20 billion worth of stock in The Charles Schwab Corp.

TD Bank (TSX:TD) announced its decision to sell its entire equity investment in Charles Schwab (NYSE:SCHW) as part of a review following the landmark U.S. fine ・TD currently holds 184,678,738 shares of Schwab’s common stock,