TD chief says probes show need for better staff accountability

Toronto-Dominion Bank employees need to take more accountability and act with more urgency on risks, Chief Executive Officer Bharat Masrani said, after the Canadian bank was rocked by sweeping money-laundering investigations in its US business. “The big lesson is you can’t take anything for granted,” Masrani said Wednesday at a financial-industry conference hosted by Bank […]

Bloomberg News

Source link

You May Also Like

Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit losses

Citigroup said it had identified the cause of the flash crash and…

The late Ed Crutchfield built First Union into a banking giant. A look at his career

Ed Crutchfield, who was CEO of First Union, photographed at One First…

PayQuicker Teams Up with Thunes to Boost e-Wallet Payout Capabilities – Finovate

International payouts orchestration company, PayQuicker, has forged a partnership with cross-border payment…

Deutsche Bank shares rise 3% after settlement of bulk of claims in long-running Postbank suit

A logo stands on display above the headquarters of Deutsche Bank AG…