About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Settlement Details - TD Bank is expected to pay $3 billion in fines to the Department of Justice and financial crimes regulators to settle a federal probe related to alleged failure to monitor money laundering by drug cartels [1] - The settlement includes growth restrictions on TD Bank, similar to those imposed on Wells Fargo in 2018 [2] Market Reaction - TD Bank shares were down more than 3% midday Thursday following the news [2] Company Background - TD Bank's U S unit is the 10th-largest American bank by assets [1]

The Wall Street Journal reports that TD is expected to plead guilty to criminal charges in an anti-moneylaundering case. Shares of Toronto-Dominion Bank (TD -4.55%) fell by as much as 7% Thursday morning after a bombshell report from The Wall Street Journal said that U.S. regulators were preparing to fine the large Canadian lender about $3 billion and place an asset cap on its U.S. operations in a deal to settle charges that it had failed to properly follow anti-money-laundering laws. As of 11 a.m. ET, shar ...

Group 1 - TD Bank is expected to pay around $3 billion in penalties and accept limits on its U.S. growth due to failure in curbing money laundering activities linked to drug cartels [1][2] - The Office of the Comptroller of the Currency is anticipated to impose fines and restrict the growth of TD Bank's U.S. retail operations [2] - TD's U.S. unit is reportedly planning to plead guilty to criminal charges related to a U.S. Department of Justice investigation into money laundering allegations associated with a Chinese crime operation [3] Group 2 - In August, TD Bank's CEO Bharat Masrani indicated that the bank was collaborating with U.S. regulators and law enforcement to address the issues, while the bank set aside billions in anticipation of the fines [4] - TD Bank reported an unexpected third-quarter loss in August, attributed to the provisions made for the anticipated penalties [4] - CEO Bharat Masrani announced his resignation effective April 2025, along with a succession plan [5]

Investing for income isn't an approach that's for everyone. But when it's done the right way, it can be a savvy investing strategy. Hi, my name is Kody. Aside from my four to five weekly articles here on Seeking Alpha, I am also a contributor to Sure Dividend, Dividend Kings, and iREIT on Alpha. I have been investing since September 2017 and interested in dividend investing since about 2009.Since July 2018, I have ran Kody's Dividends. This is a blog that is documenting my journey towards financial independ ...

If you are looking for high yields in October, check out these three out-of-favor financial stocks. You may like what you see. For dividend investors, there's usually nothing more tempting than a big, fat dividend yield. But you have to make sure that the business behind that yield is strong enough to keep paying the dividend or you could end up owning a yield trap. Right now Wall Street is sour on W.P. Carey (WPC -1.23%), T. Rowe Price (TROW 1.87%), and Toronto-Dominion Bank (TD 0.69%). But that's put thes ...

The Toronto-Dominion Bank's (TD) U.S. broker-dealer unit, TD Securities USA, has agreed to pay more than $20 million in a settlement with U.S. authorities over allegations of manipulations of the U.S. Treasuries market. Allegations Against TD Bank TD Securities USA admitted to engaging in the spoofing in the U.S. Treasury cash securities market as a part of the deal with the U.S. Justice Department. This puts to an end a long-running probe into manipulation, per the court filing. TD Securities further settl ...

TD Bank is reportedly settling a case involving illegal "spoof" orders by a former trader. The Canadian bank will pay more than $20 million as part of a deal with American prosecutors, Bloomberg News reported Monday (Sept. 30), citing court filings. That deal involves TD entering into a three-year deferred prosecution agreement to end criminal and civil investigations into "hundreds of fraudulent spoof orders amounting to tens of billions of dollars of false supply and demand" for U.S. Treasurys. According ...

TD Bank is reportedly close to a possible plea related to its anti-money laundering measures. The Canadian bank is in discussions with U.S. prosecutors over the agreement, stemming from criminal charges that its American arm failed to prevent money laundering, The Wall Street Journal (WSJ) reported Friday (Sept. 27). The plea could come in the next two weeks, the report said, citing sources with knowledge of the matter. Those sources say authorities accuse the bank of recklessness in failing to establish pr ...

TD Bank got itself into a little bit of hot water with regulators. However, it believes the problem will be largely behind it by the end of 2024. Toronto-Dominion Bank (TD 0.08%), one of the largest banks in North America, has stumbled. There is no way around that fact. But the reaction on Wall Street has left the dividend yield at 4.7%, well above the 2.5% yield of the average bank, using the SPDR S&P Bank ETF as an industry proxy. Is this Canadian banking giant a buy, sell, or hold today? Buy Toronto-Domi ...