BREAKING: The biggest Bank short is now TD Bank with $3.7 Billion on the line. $TD is Canada’s 2nd largest Bank

The biggest Bank short is now TD Bank with $3.7 Billion on the line. $TD is Canada's 2nd largest Bank.

Short sellers have concerns about:

• TD's exposure to Canada's housing slowdown, where variable-rate mortgages are common and consumer insolvencies are on the rise

• TD's 10% stake in Charles Schwab, which recently lost $47 billion in market value as it came under scrutiny over its unrealized bond losses

Source: https://www.bloomberg.com/news/articles/2023-04-04/td-becomes-biggest-bank-short-with-3-7-billion-on-the-line#xj4y7vzkg