Bribery Probe Adds to TD Bank's Legal Headaches

Toronto-Dominion (TD) Bank's legal problems are growing with reported bribery allegations against a Florida banker. The bank has set aside $450 million to resolve the inquiries in the U.S., and has also paid a fine in Canada for failing to file suspicious-activity reports and document risks related to money laundering and terrorist activity. The penalties have impacted TD's earnings, with CEO Bharat Masrani recently saying he was committed to resolving the investigations promptly. The bank has invested 500 ...