Toronto-Dominion Bank has failed to have a multi-million dollar claim by the liquidators of Stanford International Bank dismissed in court. The bank is accused of negligence and failing to conduct proper due diligence when it was SIB's main correspondent bank; the court says that it could not determine, without a trial, if these allegations can be proved.
Toronto-Dominion Bank has failed to have a multi-million dollar claim by the liquidators of Stanford International Bank (SIB) dismissed. The bank is accused of negligence and failing to conduct proper due diligence when it was SIB's main correspondent bank; the court says that it could not determine, without a trial, if these allegations can be proved.