TD Bank Stock Rises as CEO Set To Retire
TDDominion Bank(TD) Investopedia·2024-09-20 03:30

Key Takeaways TD Bank Group shares rose Thursday amid news that CEO Bharat Masrani is planning to retire next spring after a decade in the top role at the Canadian firm. Raymond Chun, who currently leads the bank's Canadian personal banking operations, will become COO later this year and take over for Masrani when he retires in April 2025. Masrani celebrated the decision to elevate Chun, and said the investigation into suspected failures of TD's anti-money laundering practices was his own responsibility. Sh ...