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ICYMI:

TD INVOLVED IN DRUG MONEY LAUNDERING, WSJ REPORT ALLEGES

Severity of the allegations means bank could face stiff fines, business limitations, says analyst

American Airlines may use loyalty program as collateral for U.S. debt: President

Reuters
Boeing 737 jet sits at a gate at Washington's Reagan National airport with U.S. Capitol building in the background in Washington

(Reuters) - American Airlines Group Inc <AAL.O> may use its Advantage loyalty program as collateral for a secured U.S. government loan, President Robert Isom said at a conference on Tuesday, noting that government talks are ongoing.

American is discussing terms for a $4.75 billion Treasury loan, separate from the $5.8 billion it has already secured in government payroll aid. The "impact value" of the loyalty program could range between $18 billion and $30 billion, Isom said.

(Reporting by Tracy Rucinski)