TD Bank swings to quarterly loss on $2.6 bln provision tied to US probe
Aug 22 (Reuters) -TD Bank TD.TO swung to a quarterly loss on Thursday as the second-largest Canadian lender set aside C$3.57 billion ($2.63 billion) for fines related to U.S. regulatory probes into its anti-money laundering (AML) program.
Net loss was C$181 million, or 14 Canadian cents per share, in the three months ended July 31, compared with a profit of C$2.88 billion, or C$1.53 per share, a year earlier.
Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Vijay Kishore
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