Catherine Leffert

Banking industry veteran Thomas Shafer, 66, is coming out of retirement to take the reins from longtime CEO Scott Kavanaugh, the bank announced Friday.

UPDATE: This story includes comments from analysts and more information about Thomas Shafer's track record.

Last year marked the first in at least two decades that no one died during a bank robbery, burglary or larceny, according to the Federal Bureau of Investigation.

Three years ago, nearly to the day, a sheet of plastic as tall as a giraffe and stronger than plexiglass fell 500 feet before crash landing onto one of the busiest streets in Philadelphia.

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https://arizent.brightspotcdn/76/07/ed119aa44c108aed8fd8117fe1e7/418206432.jpg Bloomberg News UPDATE: This article includes information from TD Bank’s earnings call and an analyst note. TD Bank Group put its profitability expectations on hold and announced a sweeping…

Now that the U.S. presidential election is over, bankers have traded one type of uncertainty — who will win — for another, as they wait for impending policy changes .

After the Toronto-based bank faced record penalties in the U.S., it made new disclosures about its anti-money-laundering compliance obligations in Canada, where critics say regulators have been too lax.

Flushing Financial got battered Friday in the stock market after the New York bank said it was raising $70 million to restructure its balance sheet, joining the ranks of banks that have recently announced common stock offerings.

TD Bank Group's money-laundering-related crimes have sparked questions of how banks should be penalized for moving dirty money. CFPB Director Rohit Chopra said the FDIC should do more.