Firefighters respond to blaze at Salem TD Bank
Firefighters in Salem County, New Jersey, responded to a blaze at a TD Bank in a strip mall on Christmas Day, which was brought under control with no injuries reported; the cause is under investigation.
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TD Bank Reports Strong Q3 Results Amid Digital and Regulatory Challenges
TD Bank Group reported strong third quarter 2025 financial results with reported net income of $3.3 billion and adjusted net income of $3.9 billion, driven by robust client activity across its Canadian and U.S. operations, despite ongoing strategic restructuring and regulatory remediation efforts.
Fiserv Stock Declines Amid Disappointing Q2 Results and Softening Outlook
Fiserv's stock dropped over 19% in 2025 despite beating quarterly revenue and EPS estimates, due to a softened outlook and multiple analyst downgrades. The company reported solid growth in revenue and margins, expanded its presence in Canada through a strategic deal with TD Bank, including acquiring part of TD's merchant processing business, and maintained an optimistic revenue and EPS outlook for the year.
Third TD Bank Employee Arrested in Money Laundering Scandal
A former TD Bank employee, Leonardo Ayala, has been arrested and charged with facilitating money laundering to Colombia. Ayala allegedly used his position to issue debit cards for accounts opened under shell companies, which were then used to launder millions in narcotics proceeds through ATM withdrawals in Colombia. He faces up to 20 years in prison if convicted. The case is being investigated by multiple federal agencies, and Ayala's trial will take place in New Jersey.
"Ex-TD Employee in Florida Charged with Fraudulent Account Scheme"
A former TD Bank employee in Florida, Gerry Aquino Vargas, is accused of opening fraudulent accounts and accepting bribes to help clients move millions to Colombia, bypassing anti-money-laundering measures. The bank is cooperating with a U.S. Department of Justice investigation related to a $653 million drug money-laundering case.
"Exciting Initiatives and Predictions for Bruins' Centennial Opening Night and Home Opener against Blackhawks"
The Boston Bruins have announced special initiatives for the start of their Centennial Year, including a "Rafters Reunion" opening ceremony and a "gold carpet" entrance for Bruins alumni. Ticketed fans will receive an exclusive t-shirt, and the Boston Bruins Foundation 50/50 raffle will feature a $100,000 guarantee with proceeds benefiting the foundation. The ProShop will be open for fans to purchase Centennial jerseys and merchandise. The Bruins' Centennial celebration aims to unite fans, alumni, and associates and celebrate the team's rich history.
RBC Outperforms with Job Cuts, TD Struggles with Rising Expenses
Royal Bank of Canada (RBC) plans to cut about 1,800 jobs to reduce costs after beating analysts' estimates for the third quarter, citing a softer economy ahead. RBC's CEO, Dave McKay, expects slowing growth and lower inflation due to monetary policy, a slowdown in China, and geopolitical risks. Meanwhile, TD Bank missed analysts' estimates for quarterly profit due to higher expenses, rainy day funds for unpaid loans, and weakness in its U.S. business. RBC's retail business saw a 5% increase in earnings, while TD's Canadian personal and commercial banking segment fell 1% and its U.S. retail unit fell 9%.
TD Bank and First Horizon cancel $13.4B merger, causing stock market turmoil.
TD Bank and First Horizon have terminated their merger agreement due to a lack of clarity on regulatory approvals. TD will pay First Horizon $200 million on top of a $25 million reimbursement fee. The merger would have made TD the sixth-largest bank in the US by assets. The termination could have broader repercussions for TD's future partnerships and deployment of excess capital.
TD Bank cancels $13.4 billion merger with First Horizon, causing stock to plummet.
TD Bank has called off its $13.4 billion acquisition of First Horizon Corp due to regulatory uncertainty. TD will pay $200 million to First Horizon, in addition to a $25 million fee reimbursement. The collapse of the deal further spooked already shaky sentiment towards U.S. regional banks. TD agreed to buy First Horizon in February last year to expand its presence in the United States.
Stocks of First Horizon plummet after TD Bank merger falls through.
Shares of regional bank First Horizon plummeted by 50% after its planned merger with TD Bank collapsed. The stock market reacted negatively to the news, with other regional bank shares also experiencing a drop. The collapse of the merger came just a day after JPMorgan announced its acquisition of First Republic.