TD Bank looking to sell $9 billion of mortgages to meet asset cap, Bloomberg News reports
This is a part of the plea agreement the Canadian lender reached last year with the government authorities, the report added, citing people familiar with the matter. TD Bank, Canada's second biggest bank and the 10th largest in the U.S., did not immediately respond to a Reuters request for comment. In October 2024, TD Bank became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering.