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LATEST: TD Bank to sell $9 billion of mortgages to meet asset cap imposed after AML scandal

TD bank ATM machines are seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon/File Photo

By Pritam Biswas

TD BANK is aiming to sell about $9 billion of residential mortgage loans in order to modify its balance sheet to comply with a new cap imposed by the U.S. regulators, Bloomberg News reported.

This is a part of the plea agreement the Canadian lender reached last year with the government authorities, the report added, citing people familiar with the matter.

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