TD Bank: CEO Ed Clark will retire next year and hand the reins to Bharat Masrani, who has overseen the Canadian bank's expansion in the U.S. over the last six years — a hint of where TD's growth ambitions lie. The story in today's Journal leads with an anecdote suggesting customer service has worsened at the former Commerce Bank operations since the Canucks took over "America's Most Convenient Bank." Somewhere, Vernon Hill is saying "muahahaha." (Speaking of ol' Vernon, while on holiday in London last week, we passed by a branch of his Metro Bank and did a double take. It was a dead ringer for the old Commerce branches.) Wall Street Journal, Financial Times, New York Times

Reviews Get a Bad Review: A widely leaked draft of a GAO report savages regulators' handling of the aborted foreclosure reviews. We couldn't find the actual report on the GAO's website this morning, but it was helpfully embedded in a post on the Naked Capitalism blog (which, incidentally, did a lot of early reporting that found the reviews were slanted to reject borrowers' claims of harm). For those who prefer the executive summary: Wall Street Journal, New York Times, Bloomberg News

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