Moment of reckoning for TD fails to lift cloud of uncertainty, analysts say --[Reported by Umva mag]

Decision by U.S. officials to cap bank's growth south of the border will ensure scandal’s shadow lingers

Oct 11, 2024 - 19:19

Moment of reckoning for TD fails to lift cloud of uncertainty, analysts say --[Reported by Umva mag]

The US$3.1-billion fine levied against Toronto-Dominion Bank by U.S. authorities this week came as no surprise to those who have followed the bank’s anti-money-laundering troubles. But a decision to cap the Canadian lender’s growth south of the border came as a shock, one that analysts say will ensure the scandal’s shadow lingers over the bank, clouding its long-term outlook. Read More

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