SVB was the 16th largest bank in the U.S., holding $210 billion in assets
The taxpayer's penalty for filing foreign account forms late was reduced to $50,000 from $2.72 million
The settlement comes as TD works its way through two major acquisitions in the U.S.
A third of economists expect a recession to begin in the April-June quarter
January's solid spending will likely raise pressure on the Federal Reserve to hike rates further
It was the seventh straight year-over-year slowdown but inflation remains far above the Fed's 2% target
Housing market turmoil, deeper U.S recession pose threats too
Most economists expect a continued slowdown in Q1
Auto, gas, department store sales down
The department says City National avoided underwriting mortgages in majority Black and Latino neighborhoods
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