Judge approves TD Bank plea deal, including five years of probation
The plea agreement, which includes a fine of more than $1.4 billion, penalizes TD for systemic money laundering violations. “We have the ability to profit, and we should be able to profit, but not at the expense of the law,” said U.S. District Judge Esther Salas.
A small-dollar business lending scheme finds a niche at Huntington
The Columbus, Ohio-based regional launched Lift Local Business in October 2020 with a $25 million ceiling. Four years and $133 million later, the program is still going strong.
Fed announces details of 2025 monetary policy review
The Federal Reserve released additional information about its periodic review of its monetary policy strategy, tools and communications framework; TD Bank Group announced Michelle Myers will succeed Anita O'Dell as global chief auditor; Provident Financial Services will expand its commercial
JPMorgan Chase, Mastercard sell crypto-style B2B payment tech
The bank and payment company are using the technology that underpins digital assets to improve interoperability for international transactions, a major point of friction in trade finance.