NEW YORK, Oct. 10 (Xinhua) -- TD Bank is expected to pay about 3 billion U.S. dollars in penalties and accept limits on its growth in the United States as part of a settlement, which is widely reported as due on Thursday, with regulators and prosecutors over charges it failed to properly monitor money laundering by drug cartels.
"As part of the agreement, the bank's primary U.S. regulator, the Office of the Comptroller of the Currency, is expected to impose an asset cap barring the bank's retail business from growing above a certain level in the U.S.," said The Wall Street Journal (WSJ) in its report about the move.
