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by: xpoolPosted on: May 26, 2025

TD Bank Restructures: $3 Billion Portfolio Wind Down Leads to 2,000 Job Cuts

Toronto Dominion Bank (TD) announced a significant restructuring plan that will see the bank wind down a $3 billion portfolio and eliminate approximately 2,000 jobs. This strategic move is aimed at improving financial performance and optimizing operational efficiency. The bank plans to shift resources towards developing its proprietary credit card business, which they see as a key path for future growth.

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Financial Restructuring TD Bank

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