coming up, toronto dominion set to pay big bucks to settle claims over allen stanford's $7 billion ponzieme. we have the price tag next, this is bloomberg. ♪ - super excited to open up my diploma from southern new hampshire university. - i'm nervous. i'm excited. (paper ripping) - [speaker off camera] okay, let's see it. let's see it. - oh my gosh! - jesus g suarez. i did it and it's here. - [speaker off camera] yeah! ♪ - [narrator] next term starts soon. visit snhu.edu. [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. amber: this is bloomberg markets . now for today's for what it's worth, today's number is 1.2 billion dollars, that is the amount td bank agreed to pay to settle a lawsuit by investors, claiming it aided allen stanford's $7 billion ponzi scheme more than a decade ago. stanford is serving a 110 year sentence for fraud and money laundering, there is a lot of interesting threats to this. -- threads

toronto dominion will pay 1.2 billion dollars to settle claims by investors that it aided the 7 billionponzi scheme. settlements were reached with independent bank groups. the scheme collapsed 14 years ago. he is serving 110 years for fraud and money laundering. citigroup expects it will cost 190 million dollars to wind down its consumer banking institution in russia. they ended services after russia invaded ukraine. they have $3.1 billion of exposure to russia. elon musk may have turned off some consumers. tesla was no worse for wear in the analysis of car brands. s&p global mobility had them for around loyalty and most loyalty and 22. alix: we want to get to the start it. we are covering the top tech stories from the bay area. join us now is alex webb. more job cuts? alex: it looks that way. we don't know the number. there are some big names in the mix, the ceos of some companies that were acquired over the years. there had been some hesitation to let some of those guys go. you have to pay them significant amounts of stock to make them go away. they may have found a solution to that.