By Nivedita Balu and Jaiveer Shekhawat
TD Bank TD.TO on Thursday reported better than expected quarterly earnings helped by strength in Canada and its wealth management unit, even as its U.S segment struggled amid probes related to its anti-money laundering program.
TD, Canada’s second largest bank, said net income at home rose 7%. This was helped by loan growth and newcomers opening accounts as it increased focus on the segment through a partnership with India’s HDFC bank to attract customers, such as students moving to the country.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
