TD Becomes Biggest Bank Short with $3.7B on the Line(bloomberg.com)
bloomberg.com
TD Becomes Biggest Bank Short with $3.7B on the Line
https://www.bloomberg.com/news/articles/2023-04-04/td-becomes-biggest-bank-short-with-3-7-billion-on-the-line
https://www.bloomberg.com/news/articles/2023-04-04/td-becomes-biggest-bank-short-with-3-7-billion-on-the-line
From my limited understanding of the situation, this is mainly driven by TD's First Horizon imminent acquisition and its exposure to the forecasted hosing crisis (via Charles Schwab for the US housing market, and TD Canada for the Canadian housing market).
Any insight is appreciated...