TD Bank Group has announced that Mike Pedersen, president and CEO of TD Bank intends to retire in the summer of 2017.
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National Bank says it’s planning to cut 600 employees — and another 300 will be affected through “proactive reassignment and retirement programs” that will be implemented over at least a year — as it adapts to technological shifts in the banking industry. At the same time, the Montreal-based bank expects to fill at least 500 […]
Clients with fee-based accounts holding investments with embedded trailer fees were overcharged. The bank has a plan to pay it all back.
The head of the British Bankers' Association has warned that financial firms are planning to start leaving London.
Discount broker TD Ameritrade Inc. has teamed up with major shareholder Toronto-Dominion Bank to make a joint bid for competitor Scottrade Financial Services Inc., reports The Globe and Mail. Privately owned Scottrade is one of the five largest discount brokers in the U.S., and is about half the size of TD Ameritrade. The sale is […]
Since 2008, Canada's banks and financial sector have been praised. But a new federal review will put the sector to the test.
With loan loss provisions factored in, ATB's net income for the quarter, that ended June 30, 2016, stood at $25 million. That's down 62% from the same quarter a year ago.
Linds is based in Toronto and reports to James Rausch, Head of Canadian Client Coverage.
The most significant ramifications of the surprise U.K. vote will be felt in the U.K. and Europe.