Stefanie Marotta

Stefanie Marotta, banking reporter for The Globe and Mail, delves into TD Bank's recent guilty plea for conspiracy to commit money laundering and its hefty $3 billion fine. She discusses the shockwaves from the scandal, including the early exit of TD's CEO and an overhaul of leadership. Marotta reveals how this scandal may affect customers directly and raises concerns about regulatory differences between Canada and the U.S. The discussion also highlights potential long-term repercussions for the entire Canadian banking industry.