The Globe and Mail reports in its Saturday edition that TD Bank chief executive officer Bharat Masrani is stepping down Feb. 1 rather than April 10 as the bank launches an overhaul of its board -- rare moves linked to U.S. regulatory penalties for anti-money-laundering failures. The Globe's Stefanie Marotta writes that investors have pressed for a swifter changing of the guard at the bank, and Friday's shakeup sweeps the board of long-standing directors who oversaw the decade when criminal organizations laundered money through TD's U.S. business. Alan MacGibbon, who joined TD's board in 2014 and became the chair less than a year ago, will step down later this year as the bank conducts a search for his successor. Meanwhile, the bank is just beginning to address the expansive scope of requirements imposed by U.S. authorities, including an order to hire a third party firm to conduct an independent review of its board and management. Bay Street has been signalling that TD needed to speed up its response to the barriers put in place by regulators, including demands for accountability among the leaders who allowed the money-laundering breaches to persist. Shareholders have been pressing TD to install a new CEO immediately.