TD Mulling Fate of Schwab Stake in Review, Incoming CEO Says

What You Need To Know

• TD Bank will consider the 10.1% stake as part of a strategic review stemming from its U.S. money-laundering scandal
• The share ownership is separate from TD's cash sweep account agreement with Schwab.
• TD Bank is “100% committed to our franchise in the U.S.," CEO Raymond Chun said.