Toronto-Dominion Bank (The): DOJ resolution of former TD Securities trader's US Treasuries scheme, related fine, reinforce negative outlook on bank
TD's DOJ resolution and fine related to a former TD Securities trader's US Treasuries scheme is credit negative; however, these developments are consistent with our negative outlook on TD.Toronto Dominion Bank provides financial services. Co.'s segments comprised of: Canadian Retail, which include Canadian personal and commercial banking businesses, Canadian credit cards, TD Auto Finance Canada and Canadian wealth and insurance businesses; US Retail, which includes the US personal and commercial banking businesses, US credit cards, TD Auto Finance US, US wealth business and the Bank's investment its subsidiary, TD Ameritrade Holding Corporation; and Wholesale Banking, which provides a range of capital markets, investment banking, and corporate banking products and services. As of Oct 31 2017, Co. had total assets of C$1.28 trillion and total deposits of C$832.82 billion.
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