Short sellers upped their bearish bets against TD Bank on worries about its exposure to the housing slowdown and ties to U.S. market. Read on.
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In recent weeks, short sellers have upped their bearish bets against Toronto-Dominion Bank, and now have roughly US$3.7 billion on the line vis-à-vis Canada’s second-largest lender, according to an analysis by S3 Partners. That’s the most among financial institutions globally and puts TD ahead of the likes of France’s BNP Paribas SA and Bank of America Corp.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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