TD Bank faces $3 billion in penalties and growth restrictions in US settlement, WSJ reports

investing.com 09/10/2024 - 23:48 PM

TD Bank's Settlement

(Reuters) – TD Bank is expected to pay about $3 billion in penalties and accept limits on its growth in the United States as part of a settlement with regulators and prosecutors. This follows charges that it failed to properly monitor money laundering by drug cartels, as reported by the Wall Street Journal on Wednesday.




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