Canada’s TD Bank has agreed to pay a record US$3.1 billion in fines to U.S. authorities after admitting it allowed drug cartels and other criminal networks to carry out illegal money-laundering activities through the bank. Nivrita Ganguly discusses the details with Global News’ Amandalina Letterio.
- TD Bank speeds up CEO replacement, slashes 41 executive salaries
- Ex-TD Bank worker in U.S. charged with alleged money laundering to Colombia
- TD and BMO stumble while CIBC rises to cap big bank earnings season