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
Mergers, name changes and terminations
Program features no monthly fees or transaction limits
CIBC provides $1 million as founding sponsor