Reported 6 months ago
TD Bank's U.S. expansion plans to open 150 new branches by 2027 are in question due to regulatory issues surrounding the bank's anti-money laundering efforts. Executives could not provide clarity on whether the expansion plans are still feasible amidst concerns about TD's regulatory woes, including a potential spending estimate of up to $2 billion related to the matter. The bank is facing uncertainty and scrutiny from both Canadian and U.S. regulators, impacting its ability to grow its franchise in America and potentially delaying its branch opening targets.
Source: YAHOO