TD Bank stock under pressure amid reports of DOJ investigation

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Toronto-Dominion Bank News

US Department Of Justice,National Bank Of Canada,Money Laundering

Toronto-Dominion Bank (TD) may be facing legal scrutiny by US Department of Justice (DOJ) officials leading a money laundering probe connected to illicit...

) may be facing legal scrutiny by US Department of Justice officials leading a money laundering probe connected to illicit fentanyl profits,

TORONTO — TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. National Bank analyst Gabriel Dechaine said in a note that the worst-case scenario of the multiple U.S. investigations TD faces needs reassessing after the Wall Street Journal reported the link on Thursday. The newspaper said the U.S.

"Their frustration is understandable, but this kind of expectation betrays a misunderstanding of what's actually driving food prices higher in this country."The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said.

 

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