Report: TD Bank's Money Laundering Troubles Could Lead to CEO Change

TD Bank's ongoing issues with its anti-money laundering (AML) controls could usher in a leadership change. That's according to a Wednesday (Aug. 28) Reuters report, based on interviews with 10 shareholders at Canada's second-largest bank, as well as two analysts. They said a change in CEO is "imminent" in 2025, per the report, with most of them positing the notion of an outside hire who has knowledge of the U.S. banking sector, and who can start fresh once TD resolves its AML troubles. "Once we get past the ...