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Toronto-Dominion Bank (TD) logos are seen outside of a branch in Ottawa, in this file photo. (© Chris Wattie / Reuters)
Toronto-Dominion Bank (TD) logos are seen outside of a branch in Ottawa, in this file photo. (© Chris Wattie / Reuters)

$7-billion wiped out in one day: Why TD stock took its sharpest drop since the financial crisis Add to ...

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Toronto-Dominion Bank shares took their sharpest dip in eight years on Friday, erasing more than $7-billion in shareholder value after a news report alleged that some bank employees may have broken rules to reach aggressive sales goals.

TD shares fell to $66, down $3.88, or 5.6 per cent, their steepest one-day decline since the depths of the financial crisis in early 2009.

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