COMPLIANCE
More Details on TD Bank’s Fraud Indictment
Additional details of TD Bank’s recent fraud indictment have emerged:
A former TD Bank employee, Daria Sewell, caught in the middle of this fraud case is now being indicted by Manhattan’s District Attorney.
The alleged fraud case accuses the former employee of sharing and leaking customer data (e.g. personal cheques of customers) on social media app Telegram and where Sewell would fraudulently deposit customer cheques while sharing the funds with other employees.
The fraud involved the above-mentioned Sewell and five other employees (who have all since been fired).
Ironically, Sewell worked in the anti-money laundering department…
MARKETS
More Rate Cuts
Both the US Federal Reserve and Bank of England (BoE) cut interest rates in the past week to 4.5% to 4.75%.
MARKETS
US Presidential Election Results Sees Surge in Markets
In the runup to the US Presidential election, markets were finally able to breathe and stop holding their breath.
As the election results spread around the world, stock markets and crypto saw surges in the market.
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