Key Takeaways Shares of TD Bank tumbled Thursday as the Canadian bank pleaded guilty and agreed to pay more than $3 billion in penalties to resolve U.S. charges that it failed to curb money laundering by drug cartels. In addition, TD accepted limits on how much the bank's U.S. retail operations can grow. Last month, TD said that CEO Bharat Masrani would be stepping down in April 2025 and announced a succession plan. Shares of TD Bank (TD) tumbled Thursday as the Canadian bank pleaded guilty and agreed to pa ...