Toronto-Dominion Bank said Tuesday it is considering a public offering of about 20% of its growing discount brokerage business, a deal that could raise more than $1 billion for further expansion.

The $120 billion-asset Canadian bank has pursued a global strategy with its discount brokerage and already has made inroads in the United States.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.