The reason behind the termination of Toronto-Dominion Bank's acquisition of First Horizon Corp. last week has finally been revealed. The Wall Street Journal reported that TD could not obtain the necessary approval from US banking regulators due to past concerns regarding its handling of suspicious customer transactions. Last Thursday, TD released a statement, calling off the $13.4 billion deal to purchase First Horizon. Shares of the Memphis-based regional bank crashed but clawed back some losses in the last few sessions. https://www.zerohedge.com/markets/wsj-reveals-td-anti-money-laundering-practices-nuked-first-horizon-deal