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Bharat Masrani (born 1955 or 1956) [1] is a Canadian financial executive who is currently the group president and chief executive officer of the Toronto-Dominion Bank (also known as TD Bank Group). Masrani was appointed to the role in November 2014.
In a statement, TD Bank Group President and CEO Bharat Masrani said, “We have taken full responsibility for the failures of our U.S. AML program and are making the investments, changes and ...
TD Bank Group president and CEO Bharat Masrani speaks during the bank's annual meeting of shareholders in Toronto, Ontario, March 30, 2017.
Bharat Masrani, CEO of TD Bank Group, called this a difficult chapter in the bank's history. ... TD Bank’s lax procedures also allowed three money laundering networks to collectively transfer ...
TD Bank allowed money laundering networks to move more than $670 million through its ... changes and enhancements required to deliver on our commitments," Bharat Masrani, CEO of TD Bank Group ...
[55] [56] The allegations have prompted calls for CEO Bharat Masrani to step down, and has severely tarnished TD Bank's reputation in the United States. The fines in the United States are expected to exceed US$2 billion , which would be the most a Canadian bank has ever been fined. [ 57 ]
TD Canada Trust branch in Edmonton, Alberta. The Bank of Toronto (founded in 1855) and The Dominion Bank (founded in 1869) merged on 1 February 1955 to form TD Bank. Canada Trust, founded in 1864 in London, Ontario as Huron and Erie Savings and Loan Society, was acquired by TD Bank in 2000, after which TD adopted the new brand name "TD Bank Financial Group".
TD Bank bills itself as 'America's most Convenient Bank.' ... changes and enhancements required to deliver on our commitments," Bharat Masrani, CEO of the parent, said after the settlement ...