TD Bank falls 8% after it faces $3 billion fine and growth caps over charges of enabling fentanyl-linked money laundering scheme

Spencer Platt/Getty Images

• TD Bank shares fell 8% after it pleaded guilty to anti-money-laundering charges and agreed to pay a $3 billion fine.
• The charges involved a scheme by Chinese cartels bribing TD employees at bank branches in New York and New Jersey.
• The penalty is the largest ever anti-money laundering fine imposed on a bank by US officials.

Shares of TD Bank dropped as much as 8% on Thursday after it pleaded guilty and agreed to pay a $3 billion...