TD Bank Group is one of Canada's largest banks, with core operations in retail banking across Canada and the Eastern United States. In Canada, TD serves approximately 16 million personal and commercial banking clients through its flagship Canadian Personal and Commercial Banking segment, offering mortgages, credit cards, personal deposits, commercial loans, and auto financing. In the U.S., TD operates over 1,100 branches along the Eastern Seaboard from Maine to Florida, serving over 10 million customers with a similar set of retail and commercial banking products. TD's business model centers on net interest income — taking in deposits and lending at higher rates — with fee income from wealth management, insurance, and capital markets rounding out revenue. Beyond retail banking, TD operates a Wealth Management and Insurance segment covering self-directed brokerage, financial planning, asset management ($601B AUM in Canada), and direct-to-consumer insurance. TD's Wholesale Banking segment, operating under the TD Securities and TD Cowen brands, provides investment banking, capital markets, trading, and corporate lending across North America, Europe, and Asia-Pacific. TD's near-term focus is heavily shaped by a 2024 U.S. regulatory settlement over anti-money laundering compliance failures, which imposed an asset cap on TD's U.S. banking subsidiaries, constraining U.S. balance sheet growth. TD is spending approximately USD $500M per year on remediation while shedding non-core U.S. loan portfolios. In Canada and wholesale, TD is focused on organic growth, digital investment, and expanding TD Securities into a top-10 North American investment bank.