The Financial Post reports in its Friday edition that TD Bank has set aside $3-billion (U.S.) to cover a global settlement of criminal and civil investigations into shortcomings in anti-money laundering controls in the United States. The Post's Barbara Shecter writes that attention now turns to a plan to replace chief executive officer Bharat Masrani. "Succession questions have become even more intense because of the bank's U.S. regulatory issues," National Bank Financial analyst Gabriel Dechaine said in a note Wednesday, suggesting that, under normal circumstances, succession would already be in motion with Mr. Masrani, 67, having spent 10 years at the helm. "Providing clarity (if not certainty) of the direct financial consequences 'clears the deck' for a potential successor," he said. Replacing Mr. Masrani may not be an easy task, with top contenders having left the bank before and after the money-laundering probes were revealed more than a year ago. TD's personal banking head Michael Rhodes departed last December. Teri Currie, Mr. Rhodes' predecessor, retired in early 2022. Another TD executive, Katy Boshart, left in April to become CEO at Manulife Bank and former TD Ameritrade boss Tim Hockey left in February, 2020.