The Wall Street Journal Reported Wednesday, TD Bank Expected to Pay ~$3B in Penalties As Part Of Anti-Money-Laundering Settlement
Portfolio Pulse from Benzinga Newsdesk
TD Bank is expected to pay approximately $3 billion in penalties as part of an anti-money-laundering settlement. This settlement may also include growth restrictions for the bank in the U.S.
October 10, 2024 | 9:10 am
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TD Bank is facing a $3 billion penalty due to an anti-money-laundering settlement, which may also impose growth restrictions in the U.S. This could impact the bank's financial performance and expansion plans.
The $3 billion penalty is a significant financial burden for TD Bank, likely affecting its profitability. Additionally, growth restrictions in the U.S. could hinder its expansion plans, impacting future revenue streams. These factors are expected to negatively influence the stock price in the short term.
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