RE:RE:RE:RE:RE:big drop on ex-div day?these are the key words. none of that applies to TD
HSBC's transgressions were especially egregious. HSBC Bank USA laundered $881 million for notorious drug cartels like the Sinaloa in Mexico and Norte del Valle in Colombia. These activities weren't just oversights; they were found to result from systematic failures.2 The settlement marked the third time in a decade—following incidents in 2003 and 2010—that HSBC had been punished and ordered by U.S. regulators to enhance its systems for thwarting illegal transactions.
As part of the 2012 settlement, the bank also admitted to violating U.S. sanctions against Iran. For years, the bank had circumvented U.S. sanctions in a variety of ways, going so far as to remove any reference to the country to hide the transactions