Bay Street Edition

Money-Laundering Probes Have TD Investors Fearing a Wells Repeat

Wells Fargo became the sad poster child for the most feared penalty in banking: the asset cap. 

Photographer: Jeenah Moon/Bloomberg

Welcome to Bay Street Edition, our new weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and a dash of economics.

I’m Christine Dobby, Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. Please share with your friends, and if this newsletter was forwarded to you, sign up here.