TD Bank to pay $3 billion in historic money-laundering settlement with the Justice Department

By , Special to The Daily Memphian; , Daily Memphian Updated: October 14, 2024 6:54 PM CT | Published: October 14, 2024 6:54 PM CT

The $13.4 billion merger between TD Bank Group and First Horizon National Corp. was scrapped last year following months of delays as the financial institutions tried to overcome regulatory oversight of their deal. 

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TD Bank First Horizon Bank banking and finance Bryan Jordan
Aisling Mäki

Aisling Mäki

Aisling Mäki covers health care, banking and finance, technology and professions. After launching her career in news two decades ago, she worked in public relations for almost a decade before returning to journalism in 2022.

As a health care reporter, she’s collaborated with The Carter Center, earned awards from the Associated Press and Society of Professional Journalists and won a 2024 Tennessee Press Association first-place prize for her series on discrepancies in Shelby County life expectancy by ZIP code.


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