The two banks have more than doubled the fintech firm’s debt facility to $125 million from its previous level of $50 million
Both banks increase their quarterly dividends
Three- and four-year special offer rates increase by 10 basis points
The move comes after the bank was unable to secure majority control of the American investment management firm
The bank is alleged to have failed to adequately disclose its exposure to the U.S. subprime market
CIBC CEO says Canadian post-secondary institutions should be looking to learn from models in countries such as the U.K. and Germany, which have been successful in helping innovators
The new platform allows clients to access an advisor by telephone or email seven days a week between 7 am and 10 pm
Legal dispute has its roots in the financial crisis
Private equity firm claims bank owes hundreds of millions of dollars
The bank also announced it will take a restructuring charge of up to $200 million in the fourth quarter