TD had pledged to regulators that it would make its anti-money-laundering policies more comprehensive and timely, but the assurances were not enough, the Wall Street Journal reported
The reluctance by the Office of the Comptroller of the Currency and the Federal Reserve to give TD a clean bill of health on its anti-money-laundering practices proved to be the biggest obstacle, according to the report.
TD had pledged to regulators that it would make its anti-money-laundering policies more comprehensive and timely, but the assurances were not enough to sway regulators, the WSJ reported.The banks ended their proposed merger last week, citing a lack of clarity on when they would get regulatory approvals.
At the time, a spokesperson for First Horizon said the termination was solely related to TD and had nothing to do with ongoing banking turmoil.Your Globe
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Nickelback Explains How Their First Drummer Quit The Band In First Interview With NardwuarFamous Canadian journalist Nardwuar finally interviewed Nickelback bandmates Chad Kroeger and Ryan Peake for the first time in an hour-long conversation at Neptoon Records in Vancouver last week. Band members Kroeger and Peake explored various topics in their sweeping interview with the eccentric media personality, including a story about how their former drummer, Kroeger's cousin…
Lire la suite »
Trudeau, Simon take in pageantry of Britain's first coronation in 70 yearsPrime Minister Justin Trudeau and Gov. Gen Mary Simon were among the dignitaries on hand as King Charles III was crowned at London\u0027s Westminster Abbey on Saturday.
Lire la suite »
Canada Post reveals first stamp featuring King Charles IIIStamp unveiled at Ottawa ceremony marking today's coronation
Lire la suite »
Trudeau, Simon take in pageantry of Britain's first coronation in 70 yearsPrime Minister Justin Trudeau and Gov. Gen Mary Simon were among the dignitaries on hand as King Charles III was crowned at London's Westminster Abbey on Saturday, marking the formal celebration of the start of his reign as King and his role as Canada's head of state.
Lire la suite »
Trudeau, Simon take in pageantry of Britain's first coronation in 70 yearsPrime Minister Justin Trudeau and Gov. Gen Mary Simon were among the dignitaries on hand as King Charles III was crowned at London\u0027s Westminster Abbey on Saturday.
Lire la suite »