TD money-laundering fines may reach US$4 billion, Jefferies says

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TD money-laundering fines may reach US$4 billion, Jefferies says
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Fines against Toronto-Dominion Bank tied to U.S. money-laundering probes may total as much as US$4 billion following fresh allegations involving the lender, according to Jefferies Financial Group Inc. analysts — double previous estimates of the potential impact on Canada’s second-largest lender.

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TD Money-Laundering Fines May Reach $4 Billion, Jefferies SaysTD Money-Laundering Fines May Reach $4 Billion, Jefferies SaysFines against Toronto-Dominion Bank tied to US money-laundering probes may total as much as $4 billion following fresh allegations involving the lender, according to Jefferies Financial Group Inc. analysts — double previous estimates of the potential impact on Canada’s second-largest lender.
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