TD Bank ordered to overhaul risk controls, Canada’s inflation rate slows and Gildan’s board resigns: Business and investing news for May 26

TD Bank ordered to overhaul risk controls, Canada’s inflation rate slows and Gildan’s board resigns: Business and investing news for May 26The board of Gildan Activewear Inc. resigned on Thursday, paving the way for former chief executive Glenn Chamandy to retake the helm.Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.

Why? Matt Lundy points to an aging population, fewer births and an outflow of families moving to more affordable regions into repair the nerve centre for its risk controls. The Office of the Superintendent of Financial Institutions identified deficiencies with the bank’s regulatory compliance management program, Rita Trichur and Stefanie Marotta report, including weaknesses that involve the bank’s anti-money-laundering controls.

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Deutsche Bank’s Private-Credit Business Beefs Up Team in AsiaDB Investment Partners is building up its private-credit team in Asia, citing the region’s attractive growth potential and relatively young population.
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Laurentian Bank cuts jobs, shuts equity research businessThe reduction in the workforce was notified to the employees by CEO Eric Provost through an internal note on Wednesday, it said. Laurentian Bank, which...
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Analyst warns of potential higher fines, business restrictions for TD BankAs evidence emerges about severity of money laundering at U.S. branches, TD’s provision of US$450-million seems ‘far too low’, analyst says
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