TD Bank looking to sell $9 bln of mortgages to meet asset cap, Bloomberg News reports
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Toronto-Dominion Bank plans to sell $9 billion in residential mortgage loans to comply with a new asset cap imposed by U.S. regulators.
January 21, 2025 | 9:00 pm
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Toronto-Dominion Bank is selling $9 billion in residential mortgage loans to comply with a new U.S. regulatory asset cap.
The sale of $9 billion in mortgages is a significant move to adjust TD Bank's balance sheet in response to regulatory requirements. This action is likely to stabilize the bank's regulatory standing but may not have a significant immediate impact on the stock price as it is a compliance measure rather than a strategic growth initiative.
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