TORONTO — Fitch Ratings Inc. says it has downgraded its outlook on TD Bank Group to negative from stable because of the potential fallout from anti-money laundering deficiencies at the bank.(full story)
TORONTO — TD Bank Group reported its second-quarter profit fell compared with a year ago, hit by costs related to an investigation in the United States tied to the failure of its anti-money laundering programs.(full story)
OTTAWA — A parliamentary committee has summoned Canada's big five bank CEOs to talk about the environmental and climate impacts of the financial system.(full story)
TORONTO — Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual Banking on Climate Chaos report.(full story)
TORONTO — A banking analyst says TD Bank Group could be hit with more severe penalties than previously expected after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.(full story)