
TD Bank Group is actively pursuing a resolution to the ongoing civil and criminal investigations into its anti-money laundering practices. The bank is on track to face the largest money laundering fine ever, with a provision currently at $3.05 billion. The financial hit has prompted discussions about CEO succession plans at the bank. Additionally, there are concerns that TD Bank could face an asset cap as a result of the probe.
Opinion: Who’s ultimately at fault for TD’s U.S. money-laundering woes? Canada’s regulator https://t.co/PLPPYkHfjA
TD Bank could join ranks of banks to get slapped with an asset cap https://t.co/MULaEGhXPW
TD Bank's rough year just got even rougher https://t.co/5hc0SD6Tv7 by @DsHollers
