Way Over Reacting to Money Laudering FinesShare price is acting like even 2 or 3 billion in fines is going to materially affect TD, it won't. Every siingle bank has been pursued for anti money laundering, because it is easier than going after the actual criminals. It is also deep pockets where you can grab some serious money.
Should the Banks be doing a better job, yes, should it be enforced, yes, but this is also about political theater, never forget that. There were no banks shut down or people sent to jail in 2008 and that was a far more pervasive and damaging time that affected millions of people. Think about those things when you are investing, and don't let headlines drive your choices.