Toronto Dominion Bank
About Toronto Dominion Bank
Canadas second largest bank, formed from the merger of the Bank of Toronto and Dominion Bank in 1955. TD Bank has been named the most convenient bank in America. TD acquired Commerce Bancorp in the US in 2008 and expanded aggressively on the East Coast. TD Bank keeps branches open longer hours and on weekends, a competitive advantage. TD Bank was fined 3.09 billion in 2024 for anti money laundering violations, the largest fine in US history for a bank. The violations involved failing to monitor 18.3 trillion in transactions from 2014 to 2022. TDs US expansion strategy was severely damaged by the compliance failure.
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