TD Bank sets aside $2.6bn for US money laundering probe

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Financial Times 14h ago

TD Bank sets aside $2.6bn for US money laundering probe - Financial Times

Quick Summary:

The benchmark index advanced 0.4 per cent on Wednesday afternoon as more than 80 per cent of its constituents rose.

The Canadian lender had already set aside $450mn in April, after US regulators, including the Department of Justice, opened an investigation into deficiencies in its US division’s anti-money laundering programme.

The two-year note’s yield fell 0.07 percentage points to 3.93 per cent and the yield on the 10-year bond dropped 0.02 percentage points to 3.8 per cent.