News Topic: TD Bank
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TD hires former Citi executive to run U.S. credit card business
Wealth manager set to be acquired by TD Bank settles FINRA case
TD Bank slows release of loan-loss reserves amid economic uncertainty
Investment firm sues TD Bank for ‘ineptitude’ in fraud response
Banking clients want advice — even though they say they don’t
How the pandemic has changed tech rollouts at TD
Toronto-Dominion ‘very open’ to major bank deal in U.S.
TD to close 82 U.S. bank branches as COVID drives digital growth
Toronto-Dominion Bank said it will close 82 bank branches in the U.S. as part of a “store optimization” in its American unit, where net income dropped in the fiscal first quarter. ... Read full article
TD sees big role for AI in fraud detection, lending decisions
“If you get your credit decisions right and you manage fraud well, you can run a very efficient bank. That’s an area where AI is very applicable,” Toronto-Dominion Bank's chief AI officer says. ... Read full article
TD Bank pledges net-zero carbon emissions by 2050
The Toronto company says it will begin by gathering data on the greenhouse gas emissions of borrowers — a critical first step toward stress testing for climate events. ... Read full article
TD Bank thanks global employees with $500 pandemic bonuses
Toronto-Dominion Bank, Canada’s largest lender by assets, is giving all full- and part-time employees $500 bonuses as a reward for their efforts during the pandemic. ... Read full article
Plaid ‘surprised’ by TD Bank trademark suit, denies allegations
Plaid said it has been in discussions with TD Bank over allegations of trademark infringement and false advertising and was caught off-guard by the lawsuit the bank filed Wednesday. ... Read full article
TD Bank sues Plaid for trademark infringement, false advertising
In a lawsuit filed Wednesday, the U.S. subsidiary of Toronto-Dominion Bank accused the data aggregator Plaid of improperly using the bank’s name, trademarks and logos when it gathers TD customers' data. ... Read full article
Fintech partnerships help TD weather the pandemic
Mobile and online banking technologies that the Toronto bank previously rolled out, including a virtual assistant developed by Kasisto and money management tools made by Moven, have become much more popular since the arrival of COVID-19. ... Read full article
TD, CIBC beat expectations with surge in capital markets
Record profits from trading and other capital markets activities helped to offset steep revenue declines in personal and business banking. ... Read full article
TD Bank will pay $122M to settle CFPB charges of overdraft abuse
The bank has agreed to pay $97 million in customer restitution and a $25 million fine to settle allegations by the Consumer Financial Protection Bureau that it deceptively charged overdraft fees for certain ATM and debit card transactions. ... Read full article
TD payments exec: COVID response breaking barriers, spurring diversity
Jo Jagadish, who joined TD Bank in April as head of commercial products and payments innovation, spent her childhood moving country to country, so she's used to a world without borders — the kind world emerging from the capabilities of fintech and ... Read full article
TD hires Chase exec to drive fintech partnerships
TD Bank has hired Jyotsana “Jo” Jagadish to head commercial operating products and payment innovation, where she will oversee TD’s expanding fintech partnerships. ... Read full article
Payment facilitators struggle with risk of pandemic payments — would banks do better?
Brick-and-mortar merchants that have shifted to online have changed their risk profile, causing conflicts with the fintechs like Square that handle their payments. And that could be an opportunity for banks. ... Read full article