The Globe and Mail reports in its Friday edition that TD Bank posted its first quarterly loss in 21 years on Thursday after it set aside a $2.6-billion (U.S.) provision to pay anticipated regulatory fines over anti-money-laundering failures. The Globe's James Bradshaw writes that TD has been mired in multiple U.S. regulatory and criminal probes over serious deficiencies in anti-money-laundering (AML) programs, which missed financial crimes carried out in its branches. The bank said Wednesday that it is bracing for a total fine of more than $3-billion (U.S.) -- its "current estimate." That would be the largest penalty a Canadian bank has paid to solve a regulatory problem, and the second-largest fine levied against any bank over similar issues. TD expects to reach a settlement with regulators that will include other, non-financial, penalties by the end of 2024. The announcement gave shareholders a measure of clarity about the scope of punishment and the timeline for negotiations with regulators that have dragged on for well over a year. Investors are fretting over the prospect that regulators might put constraints on TD that would restrict the growth of its U.S. business until its AML problems are fully resolved.