TD-Introduction of This Bank

General Information

The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. Commonly known as TD and operating as TD Bank Group (French: Groupe Banque TD), the bank was created on 1 February 1955, through the merger of the Bank of Toronto and The Dominion Bank, which were founded in 1855 and 1869, respectively. It is one of two Big Five banks founded in Toronto, the other being the Canadian Imperial Bank of Commerce. The Toronto-Dominion Bank swift code is TDOMCATTTOR and the TD institution number is 004.

In 2017, according to Standard & Poor's, TD Bank Group was the largest bank in Canada by total assets, the second largest by market capitalization, a top-10 bank in North America, and the 26th largest bank in the world. In 2019, it was designated a global systemically important bank by the Financial Stability Board.

The bank and its subsidiaries have over 89,000 employees and over 26 million clients worldwide. In Canada, the bank operates as TD Canada Trust and serves more than 11 million customers at over 1,091 branches. In the United States, the company operates as TD Bank, which was created through the merger of TD Banknorth and Commerce Bank. TD Bank serves more than 6.5 million customers in the United States with a network of over 1200 branches in sixteen states and the District of Columbia

Business Line

The business line of Toronto-Dominion Bank covers several core segments including Personal Banking (Bank Accounts, Credit cards, Mortgage, Borrowing, Personal Investing, Insurance), Small Business Banking (Accounts, Credit Card, Borrowing, Investment, Insuarance), Commercial Banking (Business Banking Account, Business Investment, Financing, Cash Management, U.S Banking Services Global Services, Business Credit Life Insurance), as well as investment.

Controversies

In 2010, a trader at Toronto Dominion Bank in the UK was fined £750,000 ($1.16 million) by the Financial Services Authority for intentionally mismarking his trading positions.

In 2015, the Canadian news website the Halifax Examiner reported that a Political action committee (PAC) established by TD Bank had donated over $50,000 to the campaigns of anti-LGBT rights politicians in the United States. The article suggested that this was problematic given TD Bank's status as a sponsor of 41 LGBT Pride events across North America; TD Bank made no comment. In response to this article, on October 6, 2015, a motion was brought at the Annual General Meeting of Halifax Pride to sever ties with TD Bank if it did not provide a satisfactory response to the concerns; the motion was ultimately defeated.

Customer Support

The TD customer support can be reached through telephone: 1-800-450-7318. Besides, this bank is also on some social media platforms including Facebook, Twitter, Instagram, Youtube, and Linkedin.