The penalty was the largest ever imposed by U.S. officials on a bank for violating anti-money laundering laws, and regulators imposed a cap on TD’s ability to accept new deposits.
Category: Justice Department
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Months Before Ethiopian Crash, Boeing Turned Aside Carrier’s Questions
Ethiopian Airlines appeared to foresee the deadly confusion its pilots would face if flawed software in the Boeing 737 Max failed. Boeing chose not to provide the guidance that the carrier was seeking.
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Months Before Ethiopian Crash, Boeing Turned Aside Carrier’s Questions
Ethiopian Airlines appeared to foresee the deadly confusion its pilots would face if flawed software in the Boeing 737 Max failed. Boeing chose not to provide the guidance that the carrier was seeking.
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DirecTV Strikes Deal to Acquire Dish Network
The deal, which is subject to regulatory approval, would create one of the largest pay-TV distributors in the U.S. The companies were blocked in an attempt to merge in 2002.
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Acadia Healthcare Says It Faces New Federal Investigations
Shares of the company, one of the largest chains of for-profit psychiatric hospitals, were down 25 percent at one point.
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How New York City Business Sees the Eric Adams Indictment
The criminal charges against the embattled mayor of New York have given corporate leaders pause about the city’s political future.
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Acadia Hospitals Reach $20 Million Settlement With Justice Dept.
The F.B.I. is also investigating the large chain of psychiatric hospitals for holding patients longer than what is medically necessary.
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U.S. Accuses Visa of Monopoly in Debit Cards
The financial giant, which processes the majority of debit card spending in the United States, unfairly imposed fees on merchants and deterred rivals, the Justice Department said.
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Why the Justice Department is Targeting Visa
The Justice Department is expected to sue the global payments giant as soon as Tuesday, accusing the company of stifling competition.
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Visa Faces an Antitrust Lawsuit by the Justice Dept.
The agency plans to argue that the company illegally penalizes customers that try to use rival payment processors.
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2 Stole $230 Million in Cryptocurrency and Went on a Spending Spree, U.S. Says
Malone Lam, 20, and Jeandiel Serrano, 21, schemed to obtain 4,100 Bitcoin from a single victim, federal prosecutors said.