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TD sets aside $2.6B for money laundering fines, sells Schwab shares
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investmentnews.comToronto-Dominion Bank is setting aside $2.6 billion to cover fines it expects to pay for failures in its money-laundering controls, and the company sold part of its stake in Charles Schwab Corp. to fund it.
Including a $450 million provision announced in April, the lender now esti
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