Recovery time comingAs part of this settlement, TD also faces new restrictions on the growth of its U.S. assets, which are now capped at US$434 billion. This cap limits the total assets of the Canadian lender’s U.S. banking subsidiaries and places restrictions on its ability to expand in the U.S. market until it meets the compliance conditions. While a large portion of these penalties have already been covered by TD Bank’s previous provisions, it placed a spotlight on the ongoing challenges in its U.S. operations, pressuring TD stock.