TD Bank’s rough year just got even rougher

News Snapshot:

Challenges keep mounting for TD Bank (TD), making a rough year for the Canadian banking giant even rougher. The Toronto lender on Thursday reported a third-quarter net loss of $133 million, largely in light of billions the bank set aside to pay for expected fines from an ongoing US investigation into its anti-money laundering practices. The bank said in a separate filing Wednesday that it set aside an additional $2.6 billion to absorb expected penalties from the investigation, which is led by the Justice Department, on top of another $450 million set aside in April. Bharat Masrani, CEO of TD...