Reported about 2 months ago
Toronto-Dominion Bank has recorded its first quarterly loss since 2003, reporting a C$181 million loss largely due to a $2.6 billion provision for fines related to US money-laundering probes. The bank's struggles were compounded by rising insurance claims from severe weather impacts. Shares fell 4.2% following the announcement, as analysts speculate on potential leadership changes amid ongoing regulatory scrutiny.
Source: YAHOO