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Share Name Share Symbol Market Type
Toronto Dominion Bank TSX:TD Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.31 2.58% 91.84 91.75 91.85 91.84 90.12 90.49 3,913,728 21:14:59

U.S. Lawmakers Ask Regulator to Block TD Bank $13.4 Billion Acquisition of First Horizon -CNBC

15/06/2022 6:10pm

Dow Jones News


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-- U.S. Senator Elizabeth Warren and other lawmakers asked the Office of the Comptroller of the Currency to block Toronto-Dominion Bank's $13.4 billion-acquisition of Tennessee-based First Horizon, according to a report by CNBC.

-- Sen. Warren cited an investigation by Capitol Forum which alleged that TD employed some potentially fraudulent strategies with customers, including incentivizing its staff to open customer accounts and opt into overdraft protection, even if consumers declined, CNBC says.

-- A TD spokesman responded to CNBC stating that the allegations were unfounded.

-- Representatives of TD Bank and First Horizon weren't immediately available for comment to The Wall Street Journal.

 

Full story: https://cnb.cx/3xxnYIG

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

June 15, 2022 12:55 ET (16:55 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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