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Stock impact report

Trump's regulatory perversions threaten to suck in Canadian banks [Globe and Mail, The (Toronto, Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Christopher Katsarov/The Globe and Mail U.S. President Donald Trump is on a crusade to punish banks that purportedly discriminate against his supporters, and is co-opting the Office of the Comptroller of the Currency, or OCC, America's national banking regulator, to do his bidding. It has stopped supervising banks for reputational risks that result in scandals or financial losses. Instead, the OCC is actively hunting for evidence that banks rejected customers or shuttered accounts for religious or political reasons – even threatening to make referrals to the Attorney-General as warranted. Two major Canadian banks, Toronto-Dominion Bank and Bank of Montreal, are already being sucked into the OCC's review simply by virtue of the size of their U.S. operations. TD's chief economist on why the BoC will stay on hold for two years and when a pivot in housing prices will arrive Rita Trichur: OSFI isn't taking cues from America regarding reputation risks for banks It is an awkward Show less Read more
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