TD Bank Group reports flat Q1 profit as it focuses on turnaround

News Room
By News Room 9 Min Read


TORONTO – TD Bank Group’s restructuring is well underway, said chief executive Raymond Chun, as the bank works to complete its anti-money laundering reforms and prepare for growth despite imposed U.S. limitations.

“The strategic review is advancing as planned,” said Chun, who took on the CEO job in February following the fallout from the bank’s US$3.1 billion settlement last year on money-laundering deficiencies.

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