TD bank just fined by Fintrac for $9.2M on questionable transactions that went unreported. Tip of the ice berg as in the USA, TD bank has been under investigation allowing a single person to launder $650M worth of fentanyl money through them with massive fines looming.
This cannot be the only case with this bank allowing Chinese money laundering to happen.
People estimating fines to be over $1B when it's done along with restrictions on their business eroding them to continue to build their business for years.
Add in that there is $6.1B worth of short interest on their stock and growing.
I can see this dropping one of Canada's biggest banks.
How many mortgages do they hold as well?