They must had made so much money allowing this to occur that paying $3b in penalties and admitting guilt was a joke enough to them.
Here’s a link to The Hill: https://thehill.com/business/4926750-td-bank-fines-money-laundering/
https://i.redd.it/bdatoh5zwytd1.jpeg
Posted by HarrisG24
10 Comments
Is anyone going to jail?
woah. now thats a fine. not that it fits the crime, punishment wise
Priced in
If this was a smaller bank they would shut it down and hold the assets of the customers for years.
$3 billion fine? Bullish 
“failing to monitor money laundering” is a rather generously worded headline. The truth is they actively participated in it and helped facilitate it at the senior exec level.
I mean it’s an $115B company, $3B is less than 3% of their market cap. In the last 12 months they repurchased $12B of shares and paid $5B in dividends.
$3B is a piss in the ocean
Wow, and citadel only got hit with $1m fine for failing to report billions of trades to the CAT over 4 years. I wonder why one is more serious than the other
And many Canadians claim we cannot compete with the US companies!
so money will not be going to the customers..