TD Bank’s quarterly profit falls on weakness in its U.S. business

Canadian News News

TD Bank’s quarterly profit falls on weakness in its U.S. business
Canada News,Breaking News Video,Canadian Breaking News

TD’s adjusted net income fell to $3.21-billion, or $1.72 per share, in the three months ended Oct. 31, from $3.49-billion, or $1.82 per share, a year earlier

reported a fall in fourth-quarter profit on Thursday, hurt by weakness in its U.S. business due to the impact of anti-money laundering issues.

TD has been hit by a rare asset cap imposed by regulators in the United States. The bank will reduce its assets in the country by 10 per cent and sell as much as $50-billion of low-yielding bonds and reinvest the proceeds.

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 12 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 172%
  • Publisher: 66%
 

United States United States Latest News, United States United States Headlines



Render Time: 2025-01-11 12:05:36