TD US to sell up to $50bn of securities

- By Joshua Walker
- 16 Oct 2024

TD Bank plans to sell up to $50 billion of low-yield investment securities after being hit with a $3.1 billion fine and a cap on its US subsidiaries’ assets for anti-money laundering (AML) failures.

The ceiling limits TD’s two US banking subsidiaries’ assets to the level they stood at on September 30, $434 billion.

The Canadian lender plans to reduce assets by roughly 10% in response, which the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net