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

NEWS TD Bank suspends forecast ahead of challenging 2025 amid moneylaundering probe
SHARES of TD Bank were down about 6% after it said it would only update its targets in the second half of 2025 following several AML issues.

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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