https://www.investopedia.com/td-bank-stock-tumbles-as-lender-reportedly-faces-usd3b-in-penalties-growth-cap-8726111

TD Bank Stock Tumbles as Lender Reportedly Faces $3B in Penalties, Growth Cap

By Nisha Gopalan Published October 10, 2024 06:14 AM EDT

A Toronto-Dominion Bank branch

Joe Raedle / Getty Images

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Shares of TD Bank are falling in premarket trading on a report that the Canadian bank is set to pay around $3 billion in penalties and accept limits on its U.S. growth.

According to The Wall Street Journal, the Office of the Comptroller of the Currency is expected to impose the fines and place a limit on how much the bank's U.S. retail operations can grow following charges it failed to over charges it failed to curb money laundering by drug cartels.

Last month, TD said that CEO Bharat Masrani would be stepping down in April 2025 and announced a succession plan.

Shares of TD Bank (TD) are falling in premarket trading on a report that the Canadian bank is set to pay around $3 billion in penalties and accept limits on its U.S. growth over charges it failed to curb money laundering by drug cartels.

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According to The Wall Street Journal, the Office of the Comptroller of the Currency is expected to place a limit on how much the bank's U.S. retail operations can grow.

In a previous report, the Journal said TD's U.S. unit planned to plead guilty to criminal charges to resolve a U.S. Department of Justice (DOJ) probe into money laundering allegations tied to a Chinese crime operation.

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TD Had Set Aside Billions of Dollars in Anticipation of the Fines

In August, TD Bank Chief Executive Officer (CEO) Bharat Masrani said the bank was working with U.S. regulators and law enforcement to resolve the issues.

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TD Bank posted an unexpected third-quarter loss that month as it set aside billions of dollars in anticipation of the fines over the probe into its anti-money-laundering (AML) practices.

The Canadian lender last month said that Masrani would be stepping down in April 2025 and announced a succession plan for the CEO.

Shares of TD Bank, which didn't immediately respond to an Investopedia request for comment, were down 4.5% in premarket trading Thursday. They had been 1.7% lower on the year through Wednesday's close.

(http://www.autoadmit.com/thread.php?thread_id=5609573&forum_id=2...id#48183802)

turds suck shit but he did nothing wrong here, its insane the US govt wants to blame EVERYONE for fentanyl except these loser birdshits who get addicted to it

SUCH PERSONAL RESPONSIBILITY!

(http://www.autoadmit.com/thread.php?thread_id=5609573&forum_id=2...id#48183813)

https://mma.prnewswire.com/media/2510139/TD_Bank_Group_TD_Bank_Group_President_and_CEO_Bharat_Masrani_to.jpg?p=publish

(http://www.autoadmit.com/thread.php?thread_id=5609573&forum_id=2...id#48183865)

PATTAYA BEACH PHOTO OP TURNS WRONG: INDIAN TOURIST INJURED IN ALTERCATION

By Khaosod English -October 9, 2024 4:21 pm

The friends of the injured Indian tourist plead with the police, raising their hands in a wai gesture, asking for help in catching the man who assaulted their friend at Pattaya Beach on October 9, 2024.

PATTAYA — At 09:40 a.m. on October 9, the Sawang Boriboon Thammasathan Pattaya City Rescue Radio Center received a report of a foreign tourist being assaulted and injured on Pattaya Beach, opposite Soi 13/4.

A screenshot from a video of the moment when the Indian man was punched and lay unconscious on the beach on October 9, 2024.

When the rescue team arrived, they found three Indian tourists helping their friend who was staggering, with blood covering his face and a severe gash on his left eyebrow. They were frantically asking for help for their injured friend, but refused the first aid. Instead  they requested that the police be called to the scene. The rescue team then contacted the Pattaya City Police Station.

The Indian tourist’s friends pleaded with the police officers, raising their hands in a wai gesture, asking for help in catching the perpetrator. They agreed to have the injured person taken to the hospital, stating that they didn’t trust anyone other than the police.

The police then took the injured Indian man to Pattaya City Hospital and advised the group to file a formal complaint with the investigating officers to pursue legal action against the attacker.

Upon questioning, a Thai woman nicknamed “A” (pseudonym), aged around 25-30, a friend of the person who punched the Indian tourist, revealed that before the incident, they were sitting on the beach. A group of Indian tourists who had been drinking alcohol under a coconut tree approached them and asked to take pictures.

The Indian tourist and his friends allow Pattaya police to take them to the hospital.

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Initially, she and her female friend allowed it without thinking much of it. The groups took turns taking photos, but on the fifth round, an Indian man approached again, this time embracing and groping them, touching one woman’s stomach and attempting to kiss her. This angered that woman’s husband, leading to an argument and the punch to the Indian man’s face.

A witness recorded a video of the moment when the Indian man was punched and lay unconscious on the beach, with narration suggested that the Indian group had harassed someone’s wife before being punched.... อ่านข่าวต้นฉบับได้ที่ : https://www.khaosodenglish.com/news/crimecourtscalamity/crime-crime/2024/10/09/pattaya-beach-photo-op-turns-wrong-indian-tourist-injured-in-altercation/

(http://www.autoadmit.com/thread.php?thread_id=5609573&forum_id=2...id#48183881)

https://en.wikipedia.org/wiki/Andrew_Fastow

https://en.wikipedia.org/wiki/Richard_S._Fuld_Jr

(http://www.autoadmit.com/thread.php?thread_id=5609573&forum_id=2...id#48183901)