See every side of every news story
Published loading...Updated

TD Bank Names John MacIntyre Board Chair

  • Amid a governance overhaul, Toronto-Dominion Bank named John MacIntyre as chair effective September 1, succeeding Alan MacGibbon, who will retire on that date.
  • Following a U.S. anti-money laundering scandal, regulators imposed more than $3 billion in penalties and a $434 billion asset cap on Toronto-Dominion Bank, prompting a governance overhaul.
  • Operational changes included winding down a $3 billion U.S. point-of-sale financing portfolio, following the sale of its stake in Charles Schwab for $14 billion.
  • In his statement, MacIntyre said, `I look forward to supporting TD's strategy, further strengthening governance, and delivering long-term value`, thanking MacGibbon for his contribution.
  • Future governance changes include an investor day on Sept. 29, where John MacIntyre will update shareholders as about 60 per cent of the board will be new by September.
Insights by Ground AI
Does this summary seem wrong?

11 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources are Center
50% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

bankingdive.com broke the news in on Monday, July 28, 2025.
Sources are mostly out of (0)