Geneva Advisors will build on the Toronto-based bank’s recent acquisition of PrivateBancorp
CIBC’s president and CEO is being recognized for his efforts to create an inclusive workplace
The U.S. provides a promising avenue for Canadian banks looking to expand
Jon Haountalas replaces Steve Geist as CIBC undergoes a transformation centred on digital innovation and client-focused delivery services
The firm’s aim to close the transaction later this month
But both banks say they are confident that the deal will close in June
The friendly takeover bid is now worth $6.8 billion
Advisory firm says Chicago-based PrivateBankcorp’s earning power as a stand-alone company appears to be growing
Banks are building digital connections with clients
The deal is now valued at US$4.9 billion, a 20% increase in value compared from the initial offer delivered in June 2016