The next big problem for TD Bank hails from the United States, where a planned acquisition was recently scuttled by regulators. U.S. regulators were displeased with TD Bank's controls around money laundering, an issue the bank will address. But it is likely that there will be a fine and that acquisitions in the United States will be off the table for a little while. The bank can still open new locations, but growth will probably slow down over the near term. Longer term, TD Bank will likely regain regulators' trust and be allowed to buy its way to growth at some point in the future.