TD Bank Agrees to Pay $3 Billion Over Anti-Money Laundering Violations

"TD Bank created an environment that allowed financial crime to flourish. By making its services convenient for criminals, it became one."

By Colleen Murphy | October 11, 2024 at 02:42 PM

Credit: Roman Tiraspolsky/Shutterstock.com

New Jersey-headquartered TD Bank, which has pleaded guilty to criminal money-laundering charges, agreed to pay $3 billion in fines for failing to maintain Bank Secrecy Act (BSA) programs, the Department of Justice (DOJ) announced.

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Fed Lowers Interest Rates by a Quarter Point

By Amara Omeokwe | December 18, 2024

However, officials reduced their expected number of rate cuts for next year from four to two.

Fed Lowers Interest Rates by a Quarter Point

U.S.–Euro Rates Gap Is Set to Widen Again

By Catarina Saraiva | December 16, 2024

In his first term, Trump bashed the Fed for allowing higher interest rates in the U.S. vs. Europe to drive up the dollar and hurt exports. Next year will likely bring more of the same, as the U.S. economy remains considerably stronger, meaning rates here will likely fall more slowly than in the Eurozone.

U.S.–Euro Rates Gap Is Set to Widen Again

Tariff Inflation Will Likely Be Transitory

By Catarina Saraiva | December 13, 2024

Nevertheless, the Fed may feel compelled to raise interest rates as soon as the first signs of a tariff-led bump in inflation emerge.

Tariff Inflation Will Likely Be Transitory

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