LEADERSHIP
TD Bank Expedites Leadership Change
After being hit with a massive money laundering penalty, TD Bank’s new incoming CEO, Raymond Chun will take over the reins at TD Bank on February 1, two months earlier than originally planned.
Accelerating the move looks like it’s due to external pressures to accelerate change get things back on track for the embattled bank.
AI IN BANKING
Goldman Sachs Unleashes New AI Assistant
Banks are paving the way with launching internal AI tools, such as Goldman Sachs, which has launched a new generative AI assistant tool, creatively named “GS AI Assistant” to over ten thousand staff members to use.
The AI assistant is designed to train and act like a “normal” Goldman employee.
Maybe the first task to come up with a better name?
COMPLIANCE & ESG
Major Canadian Banks Quit Global Climate Coalition
Scotiabank announced it will leave the Global Climate Coalition by 2025, joining other major Canadian banks like RBC and TD in exiting the group.
The coalition, which focuses on sustainable finance and climate initiatives, has faced criticism for not aligning with stricter climate goals.


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