Toronto-Dominion Bank is reinstating guidance on growth — with similar targets to those in place before a U.S. money-laundering scandal — as it pledges to slash billions in annual costs and boost revenue through a push to attract more clients and sell them additional products.| CMT News
As hundreds of TD Securities managing directors gathered at the Encore hotel overlooking Boston Harbor in June, there was a celebratory atmosphere in the air. Less publicly, there was grousing as well.| CMT News
There is a continued (but slowing) decline in the number of bank branches. Over the past 10 years, the total number of domestic branches for FDIC-insured institutions declined by almost 24% to fewer than 78,000 branches. This equates to an annual average decline of 2.1%. In 2Q21 and 2Q22, the y/y rate of decline exceeded 3%, but this slowed to 1.7% y/y to the end of June 2023.| EMI Strategic Marketing