Toronto-Dominion Faces Fines
This is a Canada news story, published by BNN, that relates primarily to Toronto-Dominion Bank news.
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•TD Bank takes US$2.6 billion hit on U.S. probe, sells Schwab shares
73% Informative
Toronto-Dominion Bank is taking a provision of US$2.6 billion for fines it expects to pay for failures in its money-laundering controls.
Canada ’s second -biggest bank made the announcement on Wednesday after markets closed.
The core allegations are that it failed to catch money laundering and other financial crimes at several US branches.
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