Workflow
TD bank reinstates growth target, focuses on high-fee segments, cost cuts

By Nivedita Balu TORONTO (Reuters) -TD Bank on Monday reinstated its medium-term growth target which it suspended in December, as it recovered from a $3 billion fine in the U.S. for anti-money laundering failures and laid out a strategy to focus on fee-based businesses. CEO Raymond Chun outlined a growth plan at the bank's investor day, his first since he took charge in February and the bank's first since it pleaded guilty to multiple U.S. money laundering charges. The plan included a focus on high-fee ...