Canada's second-largest lender TD Bank's efforts to resolve gaps in its anti-money laundering (AML) controls by the end of the year will likely clear the...
TORONTO - Canada 's second-largest lender TD Bank's efforts to resolve gaps in its anti-money laundering controls by the end of the year will likely clear the path for a new CEO, possibly an external candidate .
The probe by U.S. regulators including the Department of Justice, that came after the termination of its $13.4 billion deal to buy U.S.-based regional lender First Horizon, extended Masrani's stay at the top seat. "Once we get past these rocky waters, and there is a little bit of light at the end of the tunnel, maybe that will help create more clarity for leadership change," Jang said.In response to a request for comment, TD said it has a robust succession planning process. "Our senior executive bench is strong."BofA Securities analyst Ebrahim Poonawala said investors' desire for a "cultural shake-up" would likely require an external hire for the CEO role.
At 68, Masrani is older than his predecessor, Ed Clark, when he retired, and the oldest CEO among Canada's big six banks. This uncrowded corner of France proved the perfect holiday destination for a much-needed mums-only trip SIGNY, Switzerland, August 28, 2024--Global Blue Group Holding AG today announces its financial results for the first quarter ended June 30, 2024.Dawid Malan announces retirement from international cricket at age of 36
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