NEWS: TD Bank suspends forecast ahead of challenging 2025 amid money-laundering probe

By Pritam Biswas, Jaiveer Shekhawat and Nivedita Balu

SHARES of TD Bank, which faces an asset cap and a $3 billion penalty following a probe by U.S. regulators last year into its anti-money laundering program, were down about 6% after it said it would only update its targets in the second half of 2025.

TD said profits in its U.S. retail business fell by 34% from a year ago, to C$709 million ($505.5 million).

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