TD Bank tops profit, says US still key market as anti-money laundering probe drags

Sverige Nyheter Nyheter

TD Bank tops profit, says US still key market as anti-money laundering probe drags
Sverige Senaste nytt,Sverige Rubriker

TD Bank tops profit, says US still key market as anti-money laundering probe drags

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

-TD Bank on Thursday reported better-than-expected quarterly earnings helped by strength in Canada and its wealth management unit, even as its U.S segment struggled amid probes related to its anti-money laundering program.

The bank said there were"some procedural weaknesses" in the U.S. and was disappointed that some employees did not follow its code of ethics. TD has taken action against responsible employees, including termination, CEO Bharat Masrani said. "The way we look at it is that it is situation dependent. We may pace the store opening differently given these priorities but we have a very strong franchise," Tran said.

TD said net income at home rose 7%, helped by loan growth and newcomers opening accounts as it increased its focus on the segment through a partnership with India's HDFC bank to attract customers, such as students moving to the country.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

Investingcom /  🏆 450. in SE
 

Sverige Senaste nytt, Sverige Rubriker



Render Time: 2025-01-17 14:57:06