TD Bank Puts Growth Plans on Ice Amid Strategic Overhaul
TD Bank, Canada's second-largest bank, has hit the pause button on its medium-term financial targets in the wake of a significant money-laundering settlement with US authorities. The bank's strategic review aims to reassess its operations and capital allocation to bolster future performance. Despite reporting earnings of C$1.72 per share, the bank underperformed in the US market, sparking concerns among investors.
Dec 26