TD shares higher as bank fast-tracks CEO transition
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Toronto-Dominion Bank (TSX:TD) shares rose as the bank announced a faster CEO transition and cuts to executive bonuses. These changes come amid costly AML failures in the US, leading to penalties and restrictions.
January 20, 2025 | 8:45 pm
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Toronto-Dominion Bank shares increased following the announcement of an accelerated CEO transition and reduced executive bonuses. These measures are in response to costly AML failures in the US, which have led to penalties and restrictions.
The announcement of a faster CEO transition and bonus cuts is seen as a proactive measure to address the bank's AML issues in the US. This has led to positive investor sentiment, reflected in the rising share price.
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