Reported about 2 months ago
TD Bank faced a challenging third quarter, reporting a net loss of $133 million due to substantial reserves set aside for expected fines from a U.S. investigation into its anti-money laundering practices. This downturn follows a series of setbacks, including a failed acquisition and ongoing inquiries into its compliance. Despite efforts to bolster its operations and leadership, the bank's stock has declined nearly 10% this year, raising concerns about potential regulatory penalties and operational growth.
Source: YAHOO