CIBC today announced that it has notified the NYSE Alternext US LLC of its intention to voluntarily withdraw the several equity linked notes from listing on NYSE Alternext due to the small number of holders of record of the notes and low secondary trading volume.CIBC expects the delisting to become effective on Nov. 20.CIBC says […]
Portfolio investment by Cerberus will allow CIBC to reduce downside risk while preserving upside potential
Client response is "overwhelmingly positive", bank says
CIBC today announced that it had entered into an agreement with a group of underwriters led by CIBC World Markets Inc. for an issue of preferred shares worth $225 million.The 9 million non-cumulative Rate Reset Class A Preferred Shares, Series 33 are priced at $25 per share.CIBC has granted the underwriters an option, exercisable in […]
Bank takes $885 million writedown on structured credit business
CIBC Wood Gundy’s revolving door
Bank denies wrongdoing
CIBC is expanding the number of branches in Ontario with Saturday banking hours to offer clients greater flexibility, access and choice.By the end of this year, CIBC will have introduced Saturday hours at 33 additional Ontario locations in 2008, bringing the total to 185 CIBC locations offering Saturday banking in the province.“Many of our clients […]
Webster named CIO of CIBC Global Asset Management
Bank hit with $2.48 billion charge