Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Toronto-Dominion Bank T.TD

Alternate Symbol(s):  TD | T.TD.PF.A | TDBCP | T.TD.PF.B | TDBKF | T.TD.PF.C | T.TD.PF.D | T.TD.PF.E | TDOMF | T.TD.PF.I | TDOPF | T.TD.PF.J | TNTTF | T.TD.PF.M

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank's segments include Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. Its Canadian Personal and Commercial Banking segment offers a full range of financial products and services to approximately 15 million customers in the Bank’s personal and commercial banking businesses in Canada. Its U.S. Retail segment offers a range of financial products and services under the brand TD Bank, America’s Most Convenient Bank. U.S. Retail Segment also TD Auto Finance U.S., TD Wealth (U.S.) business. Wholesale Banking segment operates under the brand name TD Securities, which offers a range of capital markets and corporate and investment banking services to corporate, government, and institutional clients. Its Wealth Management and Insurance segment provides wealth solutions and insurance protection to approximately six million customers in Canada.


TSX:TD - Post by User

Post by Red_Deeron May 28, 2024 11:16pm
294 Views
Post# 36061597

,,,,,,,,,,,,,,,,,,,,,,,,FITCH Warning Report................

,,,,,,,,,,,,,,,,,,,,,,,,FITCH Warning Report................
Tue, May 28, 2024 
 
TORONTO — Fitch Ratings Inc. says it has downgraded its outlook on TD Bank Group to negative from stable because of the potential fallout from anti-money laundering deficiencies at the bank.
 
The credit rating agency, which at the same time affirmed its long-term credit rating of AA- for the bank, says the negative outlook reflects the uncertainty stemming from the multiple investigations the bank faces about its anti-money laundering practices in the U.S.
 
Fitch says the outcomes could include both monetary and non-monetary penalties, including barriers to further acquisitions in the U.S., while efforts to address shortcomings could divert focus from ongoing operations.
 
TD reported results last week that showed its profits were down 22 per cent from last year, largely because of a $615 million charge it took related to one of the investigations.
 
The bank said it was also pulling back on expansion plans in the U.S. as it continues discussions with regulators.
 
TD says other rating agencies have so far maintained their stable outlook on the bank.
<< Previous
Bullboard Posts
Next >>