TD Bank says 2025 will be a transition year after $3 bln US penalty

TD Bank (TD.TO), opens new tab will focus on restructuring its balance sheet in the 2025 fiscal year, the bank said on Thursday, after it pleaded guilty to violating a U.S. law aimed at preventing money laundering, and agreed to pay a combined $3 billion in penalties. The Canadian lender became the largest bank in U.S. history to plead guilty to violating the Bank Secrecy
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