Reported 5 months ago
The article discusses how Toronto-Dominion Bank's US money-laundering investigations are anticipated to be the focus as the Canadian bank earnings season begins. The bank faces probes by the Department of Justice and US regulatory agencies, with potential fines estimated to be around $2 billion. Toronto-Dominion has already invested over C$500 million to enhance its anti-money laundering controls and hopes for a global resolution. Analysts predict the bank's adjusted earnings per share to decrease in the second quarter, with attention also on loan losses and capital ratios. Stakeholders are eager for details on potential penalties, but the bank may not provide specific updates.
Source: YAHOO