TD earmarks $2.6B for penalties

Bank’s CEO says remediation is well underway’

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TD Bank Group says it has taken a $2.6-billion (U.S.) provision in its third-quarter results related to ongoing U.S. investigations into its anti-money laundering program.

The bank, set to release its thirdquarter results Thursday, said in a press release Wednesday evening that it has taken the charge in anticipation of a global resolution of the civil and criminal investigations by the end of the year.