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Executives at the Toronto-based bank said last year that they planned to add 150 branches in the United States. But when pressed on Thursday, they could not say how much they'll scale back their ambitions due to investigations over TD's anti-money laundering practices.
Toronto-Dominion Bank TD-T is under escalating pressure to shake up its leadership in response to emerging details about its anti-money-laundering gaps that prompted a probe from U.S. regulatory and law-enforcement agencies.
Toronto-Dominion Bank is confronting shareholders at a moment when investors and executives alike are clamoring for clarity on potential penalties in a US probe and the future of the firm’s leadership.
(Bloomberg) -- Toronto-Dominion Bank is confronting shareholders at a moment when investors and executives alike are clamoring for clarity on potential penalties in a US probe and the future of the firm’s leadership.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsT
TD Bank announces $20 billion Community Impact Plan, supporting lending, philanthropy, and banking access for diverse and underserved communities.