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Democratic Senator Elizabeth Warren has called on the Department of Justice to clarify why it did not charge high-ranking executives at Toronto-Dominion Bank for failing to prevent money laundering. She also questioned the decision to charge the bank with conspiracy to launder money instead of money laundering itself, following the bank's recent guilty plea.
Currency traders are bracing for a potential surge in global volatility, influenced by the implications of a Donald Trump presidency on currency markets. Mark McCormick, head of FX strategy at TD Bank, shares insights on how these developments may impact trading strategies.
Eagle Football Holdings Ltd. is seeking to borrow approximately $300 million to partially repay a loan from Ares Management Corp. as part of a recapitalization strategy. The company is collaborating with TD Cowen to assess lender interest, with some funds aimed at addressing a $500 million debt incurred during the acquisition of Olympique Lyonnais.
Citigroup's stock fell 5% following its third-quarter earnings announcement, despite beating expectations and showing revenue growth across all divisions. CEO Jane Fraser faced scrutiny during the earnings call regarding potential new asset-cap restraints, which she later clarified do not exist. This confusion, coupled with regulatory concerns raised by Senator Elizabeth Warren, has heightened investor anxiety about the bank's compliance and transformation efforts.
VPBank has partnered with CleverTap to enhance customer engagement and deliver hyper-personalised banking experiences in Vietnam. This collaboration aims to leverage AI-driven insights for targeted campaigns, improving customer retention and driving growth in a competitive market. Both companies are committed to setting new standards in customer engagement within the banking sector.
UBS Group AG reported a quarterly earnings per share of $0.34, surpassing estimates of $0.12, with revenue of $11.90 billion. The stock has a "Moderate Buy" rating, but top analysts recommend five other stocks over UBS. Vontobel Holding Ltd. increased its stake in UBS to $497.47 million, while other investors also boosted their holdings.
TD Securities, a subsidiary of TD Bank, will pay $28 million in penalties for failing to supervise a trader who engaged in spoofing the U.S. Treasury cash securities market for 13 months from 2018 to 2019. The compliance department overlooked multiple red flags related to the trader's illegal activities. Jeyakumar Nadarajah, the trader involved, was indicted in November 2023 and is currently awaiting trial.
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warren questions doj on accountability for td bank money laundering case
15:33 31.10.2024
currency traders brace for increased volatility amid political uncertainties
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eagle football seeks 300 million loan to repay ares management debt
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ubs group investment insights and recent performance analysis
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17:49 16.10.2024
td securities to pay 28 million for failing to supervise rogue trader
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