TD is the 10th largest bank in the US, is a Canadian bank, and is paying the biggest fine in US history.
It is hilarious that, after being busted conspiring with the CPP to launder drug money, they appoint a Chinese CEO to clean up the mess.
Also, for reference, while this bank was allowing money to be laundered in support of fentanyl traffickers, the Canadian government was ordering them to seize the assets of small business owners who were protesting Covid mandates. Fentanyl killed more people in my city than Covid from 2020-2022.
Few things:
TD is the 10th largest bank in the US, is a Canadian bank, and is paying the biggest fine in US history.
It is hilarious that, after being busted conspiring with the CPP to launder drug money, they appoint a Chinese CEO to clean up the mess.
Also, for reference, while this bank was allowing money to be laundered in support of fentanyl traffickers, the Canadian government was ordering them to seize the assets of small business owners who were protesting Covid mandates. Fentanyl killed more people in my city than Covid from 2020-2022.
Where do banks get the money to pay these fines?
It never cost them a dime because it's never their money