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$The Toronto-Dominion Bank (TD.US)$ fell 5% Thursday after the Canadian bank pled guilty to violations of the Secrecy Act and and money laundering charges. According to Bloomberg, two of the bank's U.S. subsidiaries plan to plead guilty in a Newark NJ courtroom for failing to maintain anti-money laundering programs. The bank will pay $3B in fines.
Prosecutors have alleged the bank has failed to catch money laundering and financial crimes at branches in...
Prosecutors have alleged the bank has failed to catch money laundering and financial crimes at branches in...
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The US Federal Reserve initiated its easing cycle with 50 basis points rate cut last week. This week, Chinese markets joined the trend on Tuesday by cutting the rate by 50 basis points. This decision sparked a rally, with the $Hang Seng Index (800000.HK)$ and $SSE Composite Index (000001.SH)$ rising more than 4% in a single day. On the same day, the Reserve Bank of Australia left its cash rate unchanged at 4.35%. Howe...
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