Q: Is there any other potential fines for TD like in Canada or Europe ? Do you think TD will do a financing to raise cash to pay for the fines in the US? Will Td's capital ratio still be in acceptable range after the fines are paid? Thanks
5i Research Answer:
Please see our other comments this morning as well. Capital ratios should be fine. TD's issues were all based in the US. Unless new information comes out, we would not expect fines from other countries. We do not expect it to raise equity capital.