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In July 2013, Masrani was named chief operating officer and CEO-designate of TD, and became president and CEO of TD on November 1, 2014 upon Clark's retirement. [2] In 2018, Masrani was the highest-paid Big 5 bank CEO with $15.3 million in total compensation. [15]
In the plea agreement, prosecutors single out TD leaders, writing that the bank’s prioritization of growth over compliance, with decision-making coming from senior executive management, resulted ...
TD Bank Group will see a leadership change next year. CEO Ed Clark has announced his retirement, effective Nov. 1, 2014. He will be replaced by Bharat Masrani, currently group head for U.S ...
TD Bank Group on Thursday named Chief Financial Officer Riaz Ahmed chief executive of its securities unit and head of wholesale banking, a move some investors interpreted as a sign he will become ...
TD Bank, N.A. is an American national bank and the United States subsidiary of the Canadian multinational TD Bank Group.It operates primarily across the East Coast, in 15 U.S. states and Washington, D.C. TD Bank is the seventh-largest U.S. bank by deposits and the 10th largest bank in the United States by total assets, resulting from a series of several mergers and acquisitions.
Clark is credited with turning the TD bank into a North American powerhouse in retail banking while avoiding the problems which hurt other banks in the 2008 financial crisis. On April 3, 2013, Clark announced his intention to retire as president and CEO effective November 1, 2014 at age 67, after 12 years as CEO. [ 6 ]
TORONTO/NEW YORK, Oct 10 (Reuters) - New Jersey-based TD Bank became the largest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to ...
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