Can TD’s New CEO Fix Their $Billion++ Troubles? (I Hope So)

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In this episode, TD Bank names Raymond Chun as its brand-new CEO in the middle of a $3-4 billion scandal related to anti-money-laundering concerns in the U.S. With CEO Bharat Masrani stepping down, all eyes are on Chun to solve the bank's U.S. regulative difficulties and lead its healing.

Likewise in this episode:

The Federal Reserve's current rate cut might be a warning sign for the U.S. economy, as previous cuts have frequently preceded economic crises.

The Canadian housing market stays in a holding pattern, with purchasers waiting for lower interest rates, in spite of a minor increase in sales last month.

Canadian employers are promoting more in-office work, with lots of now requiring employees to return at least three days a week, sparking resistance from unions.

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Can TD's New CEO Fix Their $Billion++ Troubles? (I Hope So)

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About the Author: Richard Money

11 Comments

  1. Masrani full responsibility = golden parachute. Worst managed bank in Canada for past 38 years. Its appalling when your bank (TD) sends you conflict of interest documents every month. With so many problems how come it took so long for them to get rid of him?

  2. Seems to me that TD has a culture of playing very fast and loose with the anti-money laundering regulations. The government doesn’t just lay out billions of dollars in fines for no good reason. The new head of TD has a bigger problem than what he’s trying to spin to regulators and shareholders.

  3. You are over looking the fact that the fed is and always has cut in an election year. So not necessarily an indication of a recession

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