Finance
TD Chief Says Probes Show Need for Better Staff Accountability
- Employees must act with more urgency, CEO Masrani says
- He calls the expected $3 billion in penalties ‘manageable’
Bharat Masrani
Photographer: Della Rollins/BloombergThis article is for subscribers only.
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 of Nova Scotia in Toronto.