EPISODE · Jan 22, 2025 · 16 MIN
Fallout from the TD Bank money laundering scandal
from The Decibel · host The Globe and Mail
It’s been over three months since the U.S. Department of Justice announced that TD Bank had pleaded guilty to conspiracy to commit money laundering. After paying a US$3-billion fine, Canada’s second largest bank is now shaking up its senior-most ranks of leadership.Stefanie Marotta is The Globe and Mail’s banking reporter. She explains what prompted the early departure of TD’s CEO, how this money laundering scandal could affect TD customers and what the ripple effects might be for the entire Canadian banking industry.Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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What this episode covers
It’s been over three months since the U.S. Department of Justice announced that TD Bank had pleaded guilty to conspiracy to commit money laundering. After paying a US$3-billion fine, Canada’s second largest bank is now shaking up its senior-most ranks of leadership. Stefanie Marotta is The Globe and Mail’s banking reporter. She explains what prompted the early departure of TD’s CEO, how this money laundering scandal could affect TD customers and what the ripple effects might be for the entire Canadian banking industry.
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Fallout from the TD Bank money laundering scandal
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