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TD Bank takes US$2.6 billion hit on U.S. probe, sells Schwab shares

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Summary
Nutrition label

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.

VR Score

83

Informative language

88

Neutral language

31

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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