Audi Tysons Corner named 2024 Best Dealership To Work For
The 2024 Automotive News Best Dealerships To Work For program includes new categories such as Best Single-Point Dealerships and Best Rural Dealerships.
Stellantis replaces North America COO, global CFO
Amid U.S. troubles, Jeep CEO Antonio Filosa is adding North American COO responsibilities to replace Carlos Zarlenga, whose next role will be announced later. CEO Carlos Tavares to retire in early 2026.
TD Bank to pay $3 billion in historic money-laundering settlement with the Justice Department
By LINDSAY WHITEHURST
WASHINGTON (AP) — TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who said Thursday that the financial institution’s lax practices allowed significant money laundering over multiple years.
Canada-based TD Bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do so, Attorney General Merrick Garland said.
“TD Bank created an environment that allowed financial crime to flourish,” Garland said. “By making its services convenient for criminals, it became one.”
High-level executives were alerted to serious problems with the bank’s anti-money laundering program, but failed to correct them as employees openly joked about how easy it seemed to be for criminals to launder money there, Garland said.
The bank is the 10th largest in the United States, and its CEO said the company takes full responsibility and has been cooperating with the investigation. It’s been taking steps to fix its U.S. anti-money laundering program, including appointing new leadership and adding hundreds of new specialists, said TD Bank Group CEO Bharat Masrani.
Toss-up election leads some companies to delay investment decisions until after November
Some companies in the electric vehicle supply chain are waiting to see the results of the Nov. 5 presidential and congressional elections before making final decisions on investment plans.
North Carolina quartz mine crucial for microchip production restarts after Hurricane Helene
One of the miners of high-purity quartz crucial for microchip production resumed operations in North Carolina after having been shuttered since Sept. 26 because of Hurricane Helene.