Latest news with #TDBank
Globe and Mail
11 hours ago
- Business
- Globe and Mail
TD Bank Appoints Laura Nitti to Retail Market President for Metro PA & South New Jersey
TD Bank, America's Most Convenient Bank®, today announced that Laura Nitti has been promoted to Retail Market President of Metro PA & South New Jersey, which includes Burlington, Camden, and Gloucester Counties in NJ, and Bucks, Chester, Cumberland, Delco, Lehigh, Montgomery, and Philadelphia Counties in Pennsylvania. This press release features multimedia. View the full release here: Image courtesy of TD Bank. As Retail Market President, Nitti will oversee TD's local retail operations at more than 119 stores where she will support a network of retail colleagues, drive business development within the market, and enhance the delivery of customer experiences, products, and services. "Laura has demonstrated an unparalleled level of passion for delivering legendary experiences for customers and colleagues alike over her impressive 21-year tenure at TD Bank," said Rob Curley, Regional President of Metro PA & NJ. "Her leadership and extensive network both at TD and within the community, will sustain our strong presence across the region." Nitti began her career in 2004 as a Store Manager at TD Bank (then Commerce Bank) prior to overseeing the Ocean Region in South Jersey as Retail Market Manager. Following many successful years in the field, Nitti was tasked with building impactful sales and retail teams, working across the bank on enhancing the customer experience by serving as both Head of Leader Academy, and Head of Retail Field Engagement prior to her current role. "Over my career I've always maintained a focus on how we interact and manage relationships with customers," said Laura Nitti, Retail Market President for Metro PA & South New Jersey. "This role is a new approach and expansion on the work I've done at TD and I couldn't be more excited for the opportunity."
Globe and Mail
13 hours ago
- Business
- Globe and Mail
Wealthsimple asks Ottawa to review rising bank transfer fees
Canadian online bank and brokerage Wealthsimple asked Ottawa this week to review rising bank exit fees, in an annual consultation for the government's budget, the company said. Exit fees for Canadians moving their Registered Retirement Savings Plan or Tax-Free Savings Account at major Canadian banks have risen to as much as $150 (US$108.99) per savings account from as low as zero to $75 in the early 2010s. Canada's six big banks, including Royal Bank of Canada RY-T and TD Bank TD-T, are some of the best capitalized financial institutions among the G7 countries and control over 90 per cent of the banking sector. Wealthsimple and other digital banks are attracting young clients looking to spend less on banking fees and increase their savings. The bank offers to reimburse new clients for some of the cost of moving their funds from other banks. 'If the government were to take action, it would make it easier for clients to overcome that friction,' Jessica Oliver, Wealthsimple's head of government and regulatory relations, said in an interview on Wednesday. In its submission for the budget consultation on Tuesday, Wealthsimple asked the Financial Consumer Agency of Canada to review practices related to transfers between banks and government to amend the Income Tax Act and related regulations to contain exit and transfer fees on registered accounts. FCAC said it cannot comment on pre-budget consultations. The parliamentary finance committee said the brief has not yet been distributed to members for review. Wealthsimple said its clients have been charged nearly $30-million in exit fees to move their savings to its platform. 'There is no reason why financial institutions should be permitted to levy high, hidden exit fees on the rapidly growing number of registered plans,' privately-held Wealthsimple said in its submission. The Canadian Bankers Association, a lobby group representing the country's big banks, said in a statement that banks are required to clearly disclose any fees. Analysts say the success of challenger banks such as Wealthsimple and EQ Bank could squeeze the profitability of big banks and require them to re-evaluate fee structures.
CTV News
15 hours ago
- Business
- CTV News
Wealthsimple asks Canada to review rising bank transfer fees
An app screenshot for Wealthsimple is seen on a smartphone in a photo illustration made in Toronto, Monday, June 17, 2024. THE CANADIAN PRESS/Giordano Ciampini. Canadian online bank and brokerage Wealthsimple asked Ottawa this week to review rising bank exit fees, in an annual consultation for the government's budget, the company said. Exit fees for Canadians moving their Registered Retirement Savings Plan or Tax-Free Savings Account at major Canadian banks have risen to as much as $150 (US$108.99) per savings account from as low as zero to $75 in the early 2010s. Canada's six big banks, including Royal Bank of Canada and TD Bank, are some of the best capitalized financial institutions among the G7 countries and control over 90 per cent of the banking sector. Wealthsimple and other digital banks are attracting young clients looking to spend less on banking fees and increase their savings. The bank offers to reimburse new clients for some of the cost of moving their funds from other banks. 'If the government were to take action, it would make it easier for clients to overcome that friction,' Jessica Oliver, Wealthsimple's head of government and regulatory relations, said in an interview on Wednesday. In its submission for the budget consultation on Tuesday, Wealthsimple asked the Financial Consumer Agency of Canada to review practices related to transfers between banks and government to amend the Income Tax Act and related regulations to contain exit and transfer fees on registered accounts. FCAC said it cannot comment on pre-budget consultations. The parliamentary finance committee said the brief has not yet been distributed to members for review. Wealthsimple said its clients have been charged nearly $30 million in exit fees to move their savings to its platform. 'There is no reason why financial institutions should be permitted to levy high, hidden exit fees on the rapidly growing number of registered plans,' privately-held Wealthsimple said in its submission. The Canadian Bankers Association, a lobby group representing the country's big banks, said in a statement that banks are required to clearly disclose any fees. Analysts say the success of challenger banks such as Wealthsimple and EQ Bank could squeeze the profitability of big banks and require them to re-evaluate fee structures. (Reporting by Nivedita Balu in Toronto; Editing by Caroline Stauffer and Rod Nickel)
Yahoo
16 hours ago
- Business
- Yahoo
Wealthsimple asks Canada to review rising bank transfer fees
By Nivedita Balu TORONTO (Reuters) -Canadian online bank and brokerage Wealthsimple asked Ottawa this week to review rising bank exit fees, in an annual consultation for the government's budget, the company said. Exit fees for Canadians moving their Registered Retirement Savings Plan or Tax-Free Savings Account at major Canadian banks have risen to as much as C$150 ($108.99) per savings account from as low as zero to C$75 in the early 2010s. Canada's six big banks, including Royal Bank of Canada and TD Bank, are some of the best capitalized financial institutions among the G7 countries and control over 90% of the banking sector. Wealthsimple and other digital banks are attracting young clients looking to spend less on banking fees and increase their savings. The bank offers to reimburse new clients for some of the cost of moving their funds from other banks. "If the government were to take action, it would make it easier for clients to overcome that friction," Jessica Oliver, Wealthsimple's head of government and regulatory relations, said in an interview on Wednesday. In its submission for the budget consultation on Tuesday, Wealthsimple asked the Financial Consumer Agency of Canada to review practices related to transfers between banks and government to amend the Income Tax Act and related regulations to contain exit and transfer fees on registered accounts. FCAC said it cannot comment on pre-budget consultations. The parliamentary finance committee said the brief has not yet been distributed to members for review. Wealthsimple said its clients have been charged nearly C$30 million in exit fees to move their savings to its platform. "There is no reason why financial institutions should be permitted to levy high, hidden exit fees on the rapidly growing number of registered plans," privately-held Wealthsimple said in its submission. The Canadian Bankers Association, a lobby group representing the country's big banks, said in a statement that banks are required to clearly disclose any fees. Analysts say the success of challenger banks such as Wealthsimple and EQ Bank could squeeze the profitability of big banks and require them to re-evaluate fee structures. ($1 = 1.3763 Canadian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
16 hours ago
- Automotive
- Globe and Mail
TD Auto Finance Ranks Highest in National Non-Captive Prime Credit Dealer Satisfaction, according to J.D. Power
For the sixth consecutive year, TD Auto Finance, a division of TD Bank, N.A., received the highest ranking in Dealer Satisfaction among National Non-Captive Prime Credit Lenders, according to the J.D. Power 2025 U.S. Dealer Financing Satisfaction Study. 'At TD Bank, we're focused on delivering exceptional experiences that make a difference in the lives of our customers,' said Andrew Stuart, Head of U.S. Consumer Products, Auto Finance & Wealth, TD Bank. 'Our TD Auto Finance team is committed to doing that with excellence and consistency, as demonstrated by this well-earned recognition. Congratulations to everyone at TD Auto Finance – and thank you for all your efforts.' TD Auto Finance provides indirect retail financing for over 1.1 million consumers and over 6,600 franchised dealerships across the U.S. It's the 8 th largest bank auto lender and the 12 th largest overall auto lender in the U.S. market. This year, TD Auto Finance achieved an overall score of 864 out of 1,000 in the National Non-Captive Prime Credit segment 1 of the J.D. Power study, 84 points ahead of the segment average. In addition, TD Auto Finance scored highest in three of the five factors measured by the study: Funding Process, Finance Provider Offerings, and E-Contracting Process. 'We're continuing to raise the bar for our dealers, and we're grateful to every dealer who shared their perspective in this year's study,' said Nadir Jones, Head of TD Auto Finance. 'The feedback we receive is instrumental as we continue our relentless pursuit of legendary service, enabling us to deliver retail programs that empower our dealers to better serve their customers.' The J.D. Power 2025 U.S. Dealer Financing Satisfaction Study is based on 8,835 total evaluations from 2,172 auto dealer financial professionals across the National Non-Captive Prime Credit segment. Visit for more details. About TD Bank, America's Most Convenient Bank ® TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S. by assets, providing over 10 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth ®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit Find TD Bank on Facebook at and on Instagram at TD Bank is a subsidiary of The Toronto-Dominion Bank, a top 10 North American bank. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol 'TD'. To learn more, visit 1 Study was fielded from April through May 2025 and measures auto dealer satisfaction in five segments of lenders across the industry: Captive Premium—Prime; Captive Mass Market—Prime; Non-Captive National—Prime; Non-Captive Regional—Prime and Non-Captive Sub-Prime.
