Canada's TD Bank TD.TO set CEO Raymond Chun's 2024 salary at C$11.4 million ($7.88 million) and cut U.S. retail banking head Leo Salom's pay amid the lender's anti-money laundering (AML ...

UPDATE: This article includes additional background on Chun as well as reaction from analysts. TD Bank Group's president and CEO is stepping down next year after a decade at the helm, the latter ...

TD Bank CEO Bharat Masrani is retiring. The bank has set aside billions of dollars to cover pending fines from U.S. regulators probing alleged weaknesses in TD's money laundering controls ...

TD Bank confirmed its plans to close nearly 40 branches by June 5, a decision that comes after it evaluated its existing ...

Raymond Chun, currently the Canadian lender’s chief operating officer, will take the CEO post on Feb. 1 instead of April 10. Bharat Masrani will retire from the role and leave the bank’s board ...

Incoming CEO Raymond Chun to take charge on Feb. 1 Outgoing CEO Masrani's pay cut by 89% due to compliance failures TD Bank faces challenges in U.S. market, plans strategic review Jan 17 (Reuters ...

Currently the head of Canadian personal banking, TD’s most profitable division, Mr. Chun will become chief operating officer effective Nov. 1 and then take over as CEO at the bank’s next ...

Bank of America Securities upgraded Toronto-Dominion Bank (NYSE:TD) to Buy from Neutral on increased confidence that incoming CEO Raymond Chun can fix the bank's U.S. anti-money laundering issues. At ...

TD has instituted new compliance programs and fired dozens of staff at its US branches. The beleaguered lender has also named its Canadian personal banking head Ray Chun as the bank’s next CEO.

TD Bank on Thursday said it would lay off 2% of its workforce to cut costs and scale up its digital and AI investments, as ...

It's been taking steps to fix its U.S. anti-money laundering program, including appointing new leadership and adding hundreds of new specialists, said TD Bank Group CEO Bharat Masrani.

TD Bank Group's president and CEO is stepping down next year after a decade at the helm, the latter stages of which have been marred by regulatory woes that have hampered growth. Bharat Masrani ...