03:09:46 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,763,188,978
Close 2024-04-18 C$ 78.85
Market Cap C$ 139,027,450,915
Recent Sedar Documents

Globe says TD's Masrani pleads for patience

2024-04-19 07:37 ET - In the News

The Globe and Mail reports in its Friday edition that TD Bank chief executive officer Bharat Masrani pleaded with shareholders for patience Thursday on the investigation by U.S. regulators into the lender's anti-money-laundering practices as the investigation stretches into its second year. The Globe's Stefanie Marotta writes that Mr. Masrani fielded questions from frustrated shareholders at the company's annual meeting, who asked about the status of a lengthy probe by U.S. regulators that derailed the bank's takeover of Tennessee-based First Horizon Corp. last spring. He said he still cannot provide further details on the investigation as the bank is working on addressing the concerns from U.S. regulatory and law-enforcement agencies. "I've said to our shareholders as I've said today: Be patient, we will be able to share more details on that. But fundamentally, your bank is doing very well," Mr. Masrani said. Last year, TD said that it expects to face fines or other penalties stemming from probes by regulators and law-enforcement agencies related to its anti-money-laundering practices. Had the First Horizon deal proceeded, TD would have picked up hundreds of retail branches in the lender's fastest-growing market.

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