Are you ready for a little bit of financial drama? ๐
Well, it seems TD Bank ( $The Toronto-Dominion Bank(TD.CA$ ) is in the hot seat these days! And why? You guessed it - for not following those crucial anti-money-laundering regulations. Oh boy, can you imagine the headache TD Bank executives are facing right now? ๐ฑ
The rumors are flying, and some analysts are estimating a whopping $2 billion cash penalty!
And that's not all - there are whispers of non-monetary penalties that could tie TD Bank's hands for years to come. Ouch!
So, what does this mean for TD Bank? Well, it's definitely not a good look.
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sdfrgfhjj : perhaps they'll have to bite the bullet and pay up?