Etiket: CIBC
CIBC makes senior management changes
(Toronto) CIBC is making changes to its management team to “strengthen its leadership capabilities.” Published yesterday at 12:42 p.m. The financial institution announced Thursday that Chief Financial Officer Hratch Panossian…
CIBC | Increase in net profit, slight decline in adjusted profit
(Toronto) CIBC’s net profit, which stood at $433 million in the first quarter of 2023, jumped a year later to stand at $1.728 billion in the corresponding quarter of the…
Financial Intelligence Agency | A penalty of 1.3 million imposed on CIBC
(Toronto) Canada’s financial intelligence agency imposes a penalty of 1.3 million on the Canadian Imperial Bank of Commerce (CIBC) for non-compliance with measures to combat money laundering and the financing…
CIBC profits rise 25% in 4th quarter
(Toronto) CIBC’s fourth-quarter net income jumped 25% year-over-year: from $1.185 billion, or $1.26 per diluted share, in fiscal 2022 to $1.483 billion, or $1.53 $ per diluted share this year.…
CIBC appoints Mark Podlasly to its board of directors
(Toronto) CIBC announced Tuesday the appointment of Mark Podlasly to its board of directors effective 1er november. Published at 1:20 p.m. Mr. Podlasly is the head of sustainable development at…
CIBC settles Cerberus lawsuit for $770 million
(Toronto) CIBC has announced that it has reached an agreement to settle the lawsuit filed by private equity firm Cerberus Capital Management LP. Posted at 8:01 p.m. The bank says…
The wise investor | CIBC picks for 2023
Every Sunday, we shine the spotlight on financial and stock market news items that may be useful to the investor, but which may have passed under the radar. Posted at…
CIBC announces reduction for dividend reinvestment
(Toronto) CIBC announced on Friday the implementation of a discount for shareholders who subscribe to a dividend reinvestment plan. Posted at 3:41 p.m. This offer comes the day after the…
Pursuit of Cerberus | New York court rules against CIBC
(Toronto) CIBC said Friday that a New York court issued a liability decision against it on Thursday in a lawsuit brought by Cerberus Capital Management. Posted at 2:12 p.m. Cerberus…
CIBC reports lower results
(Toronto) CIBC suffered a one-year decline in its fourth quarter net income, which fell from $1.44 billion in fiscal 2021 to $1.185 billion this year. Per diluted share, earnings fell…
Bill Morneau to the CIBC Board of Directors
Canada’s former finance minister, Bill Morneau, will join CIBC’s board of directors early next month. Posted at 9:39 Richard Dufour The Press Bill Morneau, 60, served as Canada’s finance minister…
CIBC and TD banks brace for slowdown
TD Bank Group and CIBC in turn posted lower profits. Banks are positioning themselves in the face of rising interest rates. TD reported lower third-quarter profits as it made a…
Third quarter | Year-over-year profits down for CIBC
(Toronto) CIBC has cashed in one year a decline of 4% of its net income for the third quarter, which fell from 1.73 billion to 1.666 billion this year. Posted…
Muskrat Falls secures $1 billion loan from CIBC
(Saint John) Bank financing has been secured for Ottawa’s third loan guarantee to support the Muskrat Falls hydroelectric megaproject in Newfoundland and Labrador. Posted yesterday at 12:22 p.m. The province’s…
CIBC settles class action for 125 million
(Toronto) CIBC agreed to pay $ 125 million to settle a class action lawsuit that accused the bank of misrepresenting its exposure to US residential mortgage-backed securities before the financial…
CIBC Increases Profits 42% to $ 1.44 Billion
(Toronto) CIBC has invested in various growth opportunities, such as its rebranding and the acquisition of the Costco credit card portfolio, and both the costs of these transactions and their…