TD Bank’s U.S. woes show the limits of being a big fish in a small Canadian pond

theglobeandmail.com If ever there was an opportunity to explore how Canada and the U.S. regulate financial institutions, Toronto-Dominion Bank’s U.S. anti-money laundering (AML) debacle is it.…

TD Bank to take $450-million provision in relation to U.S. probe

financialpost.com Toronto-Dominion Bank is booking an initial US$450-million provision in connection with an ongoing probe into violations of U.S. banking regulations, including anti-money…

Commons committee to consider launching probe of TD Bank’s anti-money laundering violations

theglobeandmail.com A House of Commons committee is considering probing failings in Toronto-Dominion Bank’s anti-money laundering practices as U.S. regulators and law enforcement continue a…

Opinion: At TD Bank, the best job in banking is up for grabs

theglobeandmail.com Right now, running Toronto-Dominion Bank TD-T is the job from hell. Chief executive officer Bharat Masrani wakes up every morning to multiple regulatory investigations into…

TD Bank’s $20-billion question: Was a giant expansion bet on the United States worth it?

theglobeandmail.com As the global financial system melted down in the fall of 2008, executives at Toronto-Dominion Bank had two choices: run for cover and pray, or stick their necks out and…

TD shareholders kept waiting for news on anti-money laundering probe

financialpost.com TORONTO — TD Bank chief executive Bharat Masrani says he hopes to be able to say more soon on the investigation into the bank’s anti-money laundering measures. We apologize,…

TD investors meet at AGM overshadowed by probe, worry over CEO succession

financialpost.com Toronto-Dominion Bank is confronting shareholders at a moment when investors and executives alike are clamouring for clarity on potential penalties in a U.S. probe and the…

TD CEO Masrani tells staff he is disappointed by anti-money-laundering failings but they are being fixed

theglobeandmail.com Toronto-Dominion Bank’s TD-T chief executive officer Bharat Masrani and top leaders have done a tour of employee meetings with executives to ease concerns stemming from a…

TD Bank hopes to soon reach ‘global resolution’ of drug-money probes

financialpost.com Toronto-Dominion Bank is hoping it can soon work out a “global resolution” to a series of regulatory and law-enforcement probes it faces in the U.S. over allegations that…

TD Bank faces mounting calls for executive change

theglobeandmail.com Toronto-Dominion Bank TD-T is under escalating pressure to shake up its leadership in response to emerging details about its anti-money-laundering gaps that prompted a probe…

TD Risks ‘Lost Decade’ in US Money-Laundering Scandal, Jefferies Says

finance.yahoo.com A veteran Canadian bank analyst says Toronto-Dominion Bank’s role in an alleged money-laundering scheme has made the “worst-case scenario” more likely — a huge fine for the…

How TD Bank got caught up in the global drug war, helping to launder hundreds of millions of dollars

theglobeandmail.com In January, 2021, American law enforcement agencies surveilled a suspicious box truck and a Lexus SUV through the streets of Queens, N.Y. Their hunch was that a criminal…

The big question now: Will TD ever get its premium back?

theglobeandmail.com After Toronto-Dominion Bank (TD-T) disclosed this week that it has set aside US$450-million related to probes by U.S. regulators into the bank’s anti-money-laundering…