TORONTO– Shares of Toronto-Dominion Bank were down in very early trading adhering to records the financial institution is nearing a negotiation with united state regulatory authorities concerning failings of its anti-money laundering safeguards.
Multiple media records claimed the financial institution will certainly pay billions in punitive damages along with face non-financial permissions that will certainly place limitations on its development in the united state
TD has claimed it will certainly hold a teleconference later on today, yet did not provide information concerning what the telephone call would certainly have to do with.
The Canadian financial institution has actually been functioning to deal with examinations right into failings in its anti-money laundering program in the united state
The probes have actually been a significant overhang for the financial institution and assisted scuttle its recommended US$ 13.4-billion purchase of united state financial institution First Horizon Corp.
TD shares were down $5.78, or concerning 6.6 percent, at $81.33 by late early morning on the Toronto Stock Exchange.
This record by The Canadian Press was very first releasedOct 10, 2024.
Companies in this tale: (TSX: TD)
The Canadian Press
