Toronto-Dominion Bank

Toronto-Dominion Bank is having an unexpected technical issue in its U.S. operations affecting both customers and employees, the Canadian lender said on Twitter on Thursday.

TD Bank Group on Thursday named Chief Financial Officer Riaz Ahmed chief executive of its securities unit and head of wholesale banking, a move some investors interpreted as a sign he will succeed CEO Bharat Masrani.

TD Bank Group on Thursday named Chief Financial Officer Riaz Ahmed chief executive of its securities unit and head of wholesale banking, a move some investors interpreted as a sign he will become the next CEO, succeeding Bharat Masrani, whose retirement is already overdue.

The Ontario Superior Court of Justice has dismissed Stanford International Bank's (SIB) $4.5 billion damages claim against Toronto-Dominion Bank over its role in a massive Ponzi scheme, SIB said on Wednesday.

The Ontario Superior Court of Justice has dismissed Stanford International Bank's (SIB) case against Toronto-Dominion Bank, wherein SIB was seeking damages from TD Bank in the amount of about $4.5 billion, SIB said on Wednesday in a statement.

By Nichola Saminather, Noor Zainab Hussain and Niket Nishant

Three of Canada's major lenders reported better-than-expected quarterly profits on Thursday, as signs of economic recovery helped them reverse bad debt provisions and their capital markets and wealth management units boomed.

Toronto-Dominion Bank beat analysts' estimates for quarterly profit on Thursday, driven by higher revenue from fees and as it released some reserves set aside to cover loan losses.

Toronto-Dominion Bank agreed to pay $41.5 million (C$49.93 million) to settle a U.S. class action lawsuit for charging excess insufficient funds fees on customer accounts, court documents showed.

The three-month trial of a lawsuit against Toronto-Dominion Bank, in which the liquidators of the collapsed Antigua bank of former Texas financier Robert Allen Stanford are seeking $4.5 billion in damages is expected to end on Wednesday.

Toronto-Dominion Bank is unlikely to close a large number of branches in Canada even as it accelerates investments in technology, as demand for in-person services has stayed strong during the coronavirus pandemic, its chief executive said on Thursday.

Bank of Montreal said on Wednesday it is targeting net zero emissions in its lending portfolio by 2050 and will double its sustainable financing commitment to C$300 billion ($237 billion) by 2025, but stressed the need to avoid "abrupt" change.

Toronto-Dominion Bank and Canadian Imperial Bank of Commerce closed out quarterly results reporting on Thursday, joining all major rivals in beating expectations, as much lower provisions for loan losses and trading strength offset muted growth or declines in their retail...

Canada's main stock opened lower on Thursday, as weakness in materials stocks outweighed upbeat earnings by lenders Toronto-Dominion Bank and Canadian Imperial Bank of Commerce.

Toronto-Dominion Bank beat analysts' estimates for quarterly profit on Thursday, driven by lower provisions to cover potential loan losses from the COVID-19 pandemic and better performance of its Canadian retail banking unit.

Toronto-Dominion Bank said on Thursday it had agreed to buy U.S. lender Wells Fargo & Co's Canadian Direct Equipment Finance business.

Toronto-Dominion Bank will defend itself in a trial starting in a Canadian court on Monday in which liquidators of the collapsed Antigua bank of former Texas financier Robert Allen Stanford are seeking $5.5 billion in damages.

Toronto-Dominion Bank reported fourth-quarter profit that beat analysts' estimates on Thursday, on lower-than-expected provisions for credit losses and as its Canadian retail business and wholesale banking income grew from a year earlier.

Toronto-Dominion Bank <TD.TO> and Canadian Imperial Bank of Commerce <CM.TO> beat analyst expectations for third-quarter profit on Thursday as strong earnings growth in their capital markets businesses helped offset weakness in almost every other unit.