The Globe and Mail reports in its Saturday edition that a sense of relief was palpable among TD Bank's leadership in December as then-chief-executive-officer Bharat Masrani, who presided over the bank's biggest-ever scandal, announced his resignation. The Globe's Stefanie Marotta writes that his successor, Raymond Chun, now faces a mountainous task. He must turn around Canada's No. 2 bank after the most significant crisis. While the new CEO is known internally for tackling major initiatives, Mr. Chun has not previously taken on an assignment near the scope of TD's self-inflicted injuries. Mr. Chun's message to observers outside the bank: He is moving fast to make major changes. He will have to draw from his deep business knowledge and ability to rally the people around him. "The scale is new for him, and he will have to rely on the talent around him as he has in the past," former TD executive vice-president Kerry Peacock told The Globe. "He's had the capacity, even in huge roles, to go very deep and he'll still be really deep here, but it's just too big." Mr. Chun joined TD in 1992 and spent more than a decade zigzagging across various roles in retail banking and operations. He declined to be interviewed by The Globe.