This bank offers a 5%-plus yield, has paid uninterrupted dividends for over 100 years, and has a conservative culture.The narrative around Toronto-Dominion Bank (TD 2.03%) isn't great today, thanks to concerns from the market about reports of shortfalls in the company's money-laundering controls. It is a big deal in the near term, but it is not going to alter the Canadian banking giant's long-term trajectory.Here's why this bad short-term news that led to a 33% decline in TD Bank's share price could create ...

PHILADELPHIA, July 08, 2024 (GLOBE NEWSWIRE) -- Berger Montague PC is currently investigating potential violations of anti-money-laundering (“AML”) laws and the federal securities laws, as well as breaches of fiduciary duties on behalf of investors in The Toronto-Dominion Bank (“TD Bank” or the “Company”) (NYSE: “TD”) during the period of August 26, 2021 through and including May 23, 2024. TD Bank, a Canadian corporation, is a financial services company which operates through three segments: Canadian Retail ...

TD Bank’s chief compliance officer, Monica Kowal, has reportedly left the bank.Kowal left the bank during the past week, and an internal memo that announced the move in late June did not mention a reason, Reuters reported Sunday (July 7), citing the memo.TD Bank did not immediately reply to PYMNTS’ request for comment.Kowal, who had been with the bank since 2017, will be succeeded by Deputy Chief Compliance Officer Erin Morrow, according to the report.Morrow joined TD Bank in January from Citi, where she ha ...

The ratings of the federal domestic systemically important Canada-based banks -- Bank of Montreal (BMO) , Bank of Nova Scotia (BNS) , Canadian Imperial Bank of Commerce (CM) , National Bank of Canada, Toronto-Dominion Bank (TD) and Royal Bank of Canada (RY) – have been reiterated by Fitch Ratings.The rating agency affirmed Long-Term Issuer Default Ratings (IDR) of BMO, BNS, CM, TD and RY at AA-, while National Bank of Canada’s Long-Term IDR was maintained at A+. Further, the rating outlook for all the banks ...

The exterior of a TD Bank office location. JHVEPhoto Stating that humans are emotional beings is a fact of life. Throughout life, just about everybody experiences all the basic emotions at some point. These include happiness/euphoria, sadness, fear/anxiety, disgust, anger, and surprise. Whether it's on the job, in relationships, or involving strangers, human emotions and psychology have important applications throughout every aspect of life. That's why I would argue that gauging what people are feeling, how ...

会议主要讨论的核心内容 - TD证券过去10年的业务增长,从2014年的27亿加元增长到2022年的48亿加元,增长了约80% [5] - 2021年开始,公司决定通过收购TD Cowen来进一步加强平台,提升在美国的股票研究和投行能力 [6][7] - 收购TD Cowen后,公司的产品能力和客户服务得到进一步提升,尤其是在金融机构领域 [7] - 公司的两大竞争优势是强大的资产负债表和一流的研究能力,后者采用了TD Cowen的研究理念 [7] 问答环节重要的提问和回答 问题1 **Mario Mendonca 提问** 如果加拿大出现一系列降息,而美国保持高利率,这对TD证券意味着什么 [9][10][11][12] **Riaz Ahmed 回答** 这种情况下,有利于公司的多元化业务模式,可以在不同地区和产品线上为客户提供服务,从而从宏观环境改善中获益 [10][11][12] 问题2 **Mario Mendonca 提问** TD证券在本季度业绩表现出色,是什么推动了美国资本市场的复苏,加拿大是否也能参与其中 [13][14][16][17] **Riaz Ahmed 回答** 公司各业务线都实现了良好增长,包括交易收入、贷款规模和资本市场业务。美国市场尤其在科技、医疗和能源领域表现强劲,加拿大的股票市场活动相对滞后,但随着宏观环境改善也将逐步恢复活跃 [14][16][17] 问题3 **Mario Mendonca 提问** 过去5-10年,TD证券如何实现从加拿大向美国的转型 [18][19][21][22][23][24][25][26] **Riaz Ahmed 回答** 公司保持了良好的企业文化和人才优势,同时顺应了加拿大公司向美国市场扩张的必然趋势。美国市场的规模和重要性远超加拿大,这决定了公司必须在美国建立强大的平台。但公司仍将保持在加拿大的领先地位,继续为这一核心市场提供优质服务 [19][21][22][23][26]

Toronto-Dominion Bank (TD Bank) reportedly could be facing fines of up to $4 billion in relation to money-laundering probes in the United States.This estimate by analysts at Jefferies Financial Group is double the previous estimates, highlighting the severity of the potential impact on Canada’s second-largest lender, Bloomberg reported Wednesday (June 5).The allegations involve instances in which TD Bank branch employees allegedly facilitated money laundering and bypassed anti-money laundering (AML) defense ...

文章核心观点 - 多名前TD银行雇员涉嫌参与洗钱和欺诈行为 [1][2][3] - 这些案件是美国司法部、财政部和银行监管机构对该加拿大银行涉嫌洗钱和其他金融犯罪的更大调查的一部分 [4] - 这些案件可能导致TD银行最终支付20亿美元的和解金,并阻碍其在美国的扩张计划 [9] 公司相关内容 - TD银行已解雇超过十几名员工,并开始重组其反洗钱流程 [5] - 部分员工因犯罪行为被起诉,其他人则因轻微违规行为受到纪律处分 [5] - 公司已拨备4.5亿美元来解决美国的调查,并在加拿大因未能报告可疑活动和文档化洗钱及恐怖融资风险而被罚款 [6] - 这些罚款影响了TD的收益,CEO承诺将尽快解决调查 [7] - 公司已投资5亿加元(约3.65亿美元)用于改善其反洗钱项目,并引入新技术和优化预警系统 [8]

Shares of Toronto-Dominion Bank (TD) gained 1% since the release of its second-quarter fiscal 2024 (ended Apr 30) results. Adjusted net income of C$3.79 billion ($2.79 billion) increased 2.2% from the prior-year quarter.Results benefited from higher non-interest income and growth in loans and deposit balance. However, an increase in expenses and provision for credit losses were the undermining factors.After considering non-recurring adjustments, net income of C$2.56 billion ($1.89 billion) declined 22.4% ye ...

Key PointsTD Bank exceeded analyst expectations for Q2 2024 earnings, driven by strong Canadian and Wholesale Banking performance.U.S. Retail Banking faced headwinds due to a significant provision for AML investigations, impacting reported net income.TD Bank maintains a strong capital position and reaffirmed its commitment to shareholders with a consistent dividend payment.5 stocks we like better than Toronto-Dominion BankTD Bank Group NYSE: TD TSE: TD is a prominent player in the Canadian and North America ...