close
close

first Drop

Com TW NOw News 2024

TD Bank shares are falling as investors weigh the long-term costs of asset limits
news

TD Bank shares are falling as investors weigh the long-term costs of asset limits

Shares of Toronto-Dominion Bank fell again on Friday, bringing their two-day decline to 9%, after the lender agreed to tough penalties for anti-money laundering compliance.

Canada’s second-largest bank was fined nearly $3.1 billion and imposed a cap on its U.S. retail banking assets after pleading guilty Thursday to a series of money laundering charges. Shares fell 3% to C$79.20 in Toronto, the lowest since August 22.