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.…

Immigration to Canada surges in April, worsening outlook for housing affordability (410,000 in 4 months)

theglobeandmail.com Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow National Bank economist Stéfane Marion warns housing affordability woes are…

TD Bank's anti-money laundering lapses on House of Commons' radar

financialpost.com The House of Commons standing committee on finance is planning to discuss whether lapses in Toronto-Dominion Bank’s anti-money-laundering controls, which have already drawn…

Opening Bell: 5.1.24

dealbreaker.com Wanted: Megabank Chief Willing to Work for Half Pay [WSJ]Quinn earned £10.64 million, or about $13.3 million, last year. That is hardly a pittance. But the head of…

Trade With U.S. Helped Canada Avoid Recession

barrons.com Canada's economy would have likely recorded two consecutive quarters of negative growth were it not for a strong U.S. economy, economists at TD Bank told clients in an…

BlackRock, Fidelity, Bitwise Bitcoin ETF Grab $205M From New York RIA

coingape.com Pine Ridge Advisers, a New York-based registered investment advisor (RIA), has allocated a substantial $205 million across various Spot Bitcoin ETFs. These funds include the…

Canada Banking Giants Pour Millions Into Bitcoin ETF Amid Inflow Resurgence

coingape.com In a notable development, Canadian banking giants have entered the U.S. Spot Bitcoin ETF arena with investment worth millions. Scotia Bank and Toronto Dominion Bank (TD…

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…

Is Nuvei’s Go-Private Deal a Harbinger of Things to Come for FinTechs?

pymnts.com The FinTech landscape may be altered by go-private deals, as private equity firms and other corporates find value in the space — and where, arguably, valuations don’t…

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 offers customer compensation in dispute

cbc.ca Guanghu Cui was poring over his TD Bank statements in March, preparing to pay taxes for his small immigration consulting firm in Oakville, Ont., when he noticed a $1.50 fee…

Uncertainty over Bank of Canada interest rate cut dragging on Big Six, say analysts

financialpost.com Uncertainty over how long interest rates will remain elevated is posing a risk to growth and credit quality at Canada’s big banks, according to analysts who will be keeping…

These are the 20 biggest banks in the U.S

finance.yahoo.com There are several factors to consider when choosing a bank. Product offerings, branch locations, fees, and interest rates are just some of the features you might evaluate.…

Meshell Ndegeocello, Fishbone Top BRIC Celebrate Brooklyn! 2024 Festival Lineup

variety.com Meshell Ndegeocello, Fishbone and others lead the 2024 season of the long-running BRIC Celebrate Brooklyn! Festival lineup. Now in its 46 th year, the festival returns to…

Mastercard, Citi, JPMorgan, Visa Test Distributed Ledger Solutions for Settlements

beincrypto.com In a push to harness cutting-edge technology, Mastercard, Visa, JPMorgan, and Citigroup are setting the stage for what could be a revolution in financial markets with…

Mastercard Joins Citi and JPMorgan to Test DLT Settlements

coinspeaker.com Coinspeaker Mastercard Joins Citi and JPMorgan to Test DLT Settlements Mastercard, an American multinational payments company, said it has joined other prominent banks in…

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 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…

Thanks to 1 Obscure Rule, I'm Making More Money From These 2 Dividend Stocks

finance.yahoo.com When my family was young, I bought dividend stocks to provide an income stream just in case I was out of work for any reason. With my daughter just completing her second…

Toronto-Dominion Bank Risks Entering "Lost Decade"

zerohedge.com Toronto-Dominion Bank Risks Entering "Lost Decade" Shares of the Toronto-Dominion Bank have fallen nearly 8% since last Thursday's Wall Street Journal report that revealed…

Loblaw boycott begins, Trans Mountain expansion opens and Bank of Canada eyes interest rate cuts: Must-read business and investing stories

theglobeandmail.com Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros,…

‘A literal biohazard’: This New Jersey woman was told by her parents to buy a cheap home for $250,000

aol.com The cost of homeownership isn’t cheap, especially these days. But if you’re looking for something within your budget, make sure you look closely at exactly what you’re…

TD Bank taps virtual reality to help tellers learn to navigate tense scenarios

financialpost.com You’re a bank teller standing behind the counter at a local branch. You can tell it’s Toronto-Dominion Bank from the green branding in your surroundings. A customer, who you…

TD worst-case scenario more likely after drug money laundering allegations

ground.news TD Bank hit with $9.2M penalty after failing to report suspicious transactions Canada’s financial-crime watchdog has levied a $9.2-million penalty against The…

Jobs Data, Tech Stocks Power Indexes to Weekly Gains

wsj.com Renewed hope for interest-rate cuts fueled a rally, though shares of some companies like TD Bank fell.

TD Bank could face more severe penalties after drug money laundering allegations, says analyst

cbc.ca TD Bank Group could be hit with more severe penalties than previously expected, according to a banking analyst, after a report that the investigation it faces in the U.S. is…

TD Bank risks an earnings hit from U.S. laundering probe, analysts say

financialpost.com With new allegations emerging surrounding U.S. anti-money-laundering investigations into Toronto-Dominion Bank, the lender could face a much higher fine than previously…

TD faces DOJ probe over fentanyl-tied money laundering: report

finance.yahoo.com TD Bank is under investigation after Justice Department agents discovered a money laundering operation through the bank associated with illicit fentanyl. Agents discovered…

Sotherly Hotels Inc. Announces Refinancing and Renovation Plans for Philadelphia Hotel

benzinga.com WILLIAMSBURG, Va., May 03, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. SOHO (the "Company") today announced that the Company has executed an extension which includes…

What Will Warren Buffett Bet on Next?

nytimes.com Berkshire Hathaway shareholders will gather in Omaha for the conglomerate’s annual meeting on Saturday, with questions about the company’s future. Tens of thousands of…

How long did it take to complete the Trans Mountain pipeline? Take our business and investing news quiz

theglobeandmail.com Welcome to The Globe and Mail’s business and investing news quiz. Join us each week to test your knowledge of the stories making the headlines. Our business reporters come…