The Globe and Mail reports in its Wednesday edition that TD Bank has appointed Matthew Boss to lead its consumer banking division in the United States, a business that is a fast-growing, revenue-generating behemoth for the lender currently embroiled in a regulatory probe in the country. The Globe's Stefanie Marotta writes that last year, an investigation by U.S. regulatory and law enforcement agencies derailed TD's proposed takeover of Tennessee-based First Horizon Corp., forcing the lender to rejig its strategy in the country. Mr. Boss will oversee the bank's U.S. network of more than 1,100 branches, contact centres, digital sales, retail, wealth and auto finance operations. He will also continue to manage the portfolios from his previous position as executive vice-president of consumer products, including deposit products, credit cards, and unsecured lending and residential lending. TD has yet to disclose the details of the U.S. regulatory probe, but has said that it expects to face fines or other penalties stemming from probes by regulators and law enforcement agencies, including the Department of Justice, related to its anti-money-laundering practices. Analysts estimate the fine could be as high as $1-billion (U.S.).