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 ...

Core Insights - The article highlights the best mortgage refinance lenders in the U.S. as of October 2025, with a focus on their offerings and customer satisfaction ratings [1][2][10]. Group 1: Best Refinance Lenders - Truist Bank is recognized as the best overall refinance lender due to its wide selection of loans and low median debt-to-income (DTI) ratio requirement of 30, compared to other finalists whose DTI ratios ranged from 36 to 45 [2][8]. - TD Bank is noted as the runner-up, praised for its excellent refinancing options but limited by its regional service area, operating in only 15 states and Washington, D.C. [5][9]. - Bank of America specializes in conventional loan refinancing and is highly rated for customer satisfaction, although it does not cater to FHA or VA loans [6][15]. Group 2: Specialized Lenders - Pennymac is highlighted as the best for FHA and VA refinancing, known for its low interest rates and specialization in government-backed loans [10][16]. - Rate, formerly Guaranteed Rate, stands out for offering higher-value refinance loans, with a median loan amount of $335,000, significantly higher than other finalists [12][17]. - Fifth Third Bank is recognized for having the lowest loan costs among its peers, serving a limited number of states [21][27]. Group 3: Customer Satisfaction and Resources - Customer satisfaction ratings from J.D. Power indicate that Truist and Pennymac have below-average scores, while Bank of America is highly rated [8][12][15]. - U.S. Bank is noted for its extensive online resources, receiving a five-star rating for educational materials and tools available to customers [18][26]. Group 4: Market Trends - Mortgage refinancing applications have increased by 31% year-over-year, with the national average refinance APR for a 30-year mortgage at 6.64% and 5.91% for 15-year loans [29][44]. - The article emphasizes the importance of comparing offers from multiple lenders to secure the best refinancing deal [45][56].

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 ...

Key Takeaways TD Bank Group shares rose Thursday amid news that CEO Bharat Masrani is planning to retire next spring after a decade in the top role at the Canadian firm. Raymond Chun, who currently leads the bank's Canadian personal banking operations, will become COO later this year and take over for Masrani when he retires in April 2025. Masrani celebrated the decision to elevate Chun, and said the investigation into suspected failures of TD's anti-money laundering practices was his own responsibility. Sh ...

Leadership Transition - TD Bank Group President and CEO Bharat Masrani will retire on April 10, 2024, after over a decade in the role and 38 years with the bank, to be succeeded by Raymond Chun [1] - Chun, currently group head of Canadian personal banking, will also be appointed to the board of directors and become chief operating officer effective November 1, 2023, before officially taking over as CEO [2] Executive Changes - Riaz Ahmed, group head of wholesale banking and CEO of TD Securities, will retire at the end of January 2024 after nearly 30 years at the bank [3] - Three additional changes to the senior executive team will take effect on November 1, 2023, including Paul Clark becoming senior executive vice president of wealth management, Sona Mehta becoming group head of Canadian personal banking, and Tim Wiggan becoming group head of wholesale banking and CEO of TD Securities [4] Performance and Challenges - Masrani emphasized the bank's strong leadership team and the commitment to a smooth CEO transition, while acknowledging the ongoing anti-money laundering (AML) challenges faced during his tenure [5] - Recent quarterly earnings revealed a $2.6 billion provision related to a potential investigation into the AML program, following a $450 million provision in the previous quarter [6]

The Toronto-Dominion Bank (TD) has agreed to pay a $28 million penalty in response to the Consumer Financial Protection Bureau (CFPB) order concerning credit reporting issues. The bank has been accused of mishandling customers' credit information and failing to make necessary amendments to its practices. Allegations Against TD TD signed a consent agreement with the CFPB on Wednesday admitting that it provided false information to consumer reporting companies, at times intentionally, and acknowledging its sh ...