Sources
Loading...
Additional media
Loading...


TD Bank is facing increased scrutiny as the cost of a U.S. investigation into its anti-money laundering (AML) controls has prompted Moody's Ratings to downgrade the bank's outlook to negative. This development raises concerns over the bank's previously strong credit ratings. The investigation's financial implications are significant enough that TD Bank is reportedly considering the dismissal of its CEO. The bank aims to address shortcomings in its AML framework by the end of the year, which could facilitate smoother leadership transitions as it navigates these challenges.