This news story has spread to all the Canadian banks. A relief for TD and not a surprise.
I agree, not a surprise. Same at all the banks. In a way though I think it lessens the potential impact and weakens the story. Instead of TD being the boogeyman, the blame dilutes to everyone and perhaps a collective "meh" will be uttered by the people. Perhaps not. As far as I know Wells Fargo was the only one hit with the story down south and it didn't spread to the other US banks. We'll see what happens.
Banks have had a huge run...any story was good to knock 10% off.