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On May 28 and May 29, Fitch and S&P both revised TD Bank's credit rating outlook to 'negative'. Fitch cited regulatory concerns and ongoing probes into the Canadian institution's anti-money laundering practices as reasons for the downgrade. Similarly, S&P pointed to weaknesses in TD Bank's risk management and controls, highlighted by the ongoing investigations. These changes reflect growing concerns over the Canadian institution's ability to manage regulatory compliance and risk effectively.
S&P revises TD Bank's outlook to 'negative' on risk management weakness https://t.co/sKKitQ0Yys https://t.co/pHFNAtHUVh
🚨Banking Crisis: TD Bank Downgrade - ** $Td **: S&P Global revises rating outlook to "negative" from "stable." - **2 downgrade**: Other agencies also concerned. - **Key issues**: Weak risk management - **Anti-money laundering practices in the U.S. https://t.co/k0ZTGyBNLg
S&P SAYS BELIEVE ONGOING INVESTIGATIONS INTO TD BANK'S ANTI-MONEY LAUNDERING PRACTICES POINT TO WEAKNESSES IN THE BANK'S RISK MANAGEMENT & CONTROLS
