Toronto-Dominion Bank recently appointed new co-heads for its investment banking business following the unexpected departure of the head of Canadian personal banking. The reshuffle was not the most significant in the finance sector last week, as one of TD’s competitors also made a major announcement shaking up their executive team. On a different note, The Body Shop Canada Ltd. took a step towards insolvency by filing a notice of intention under the Bankruptcy and Insolvency Act with the Ontario Superior Court. In a similar move, the U.S. branch of the beauty brand filed for bankruptcy and shut down all its stores.
TD Bank Execs Shuffle, Body Shop Canada Files for Bankruptcy
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