The California-based bank serves a similar clientele as did failed Silicon Valley Bank
Tougher regulations are a key focus
Canadian banks are much less exposed to the technology sector
The legislation offers about $375 billion in tax credits to help the U.S. clean energy industry
In some cases, closing accounts before moving abroad might make sense
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