Woods succeeds Kilgour as chief risk officer
Ratings agency puts bank's rating under review
U.S. banks scored lower than expected
CDO disclosure highlights weakness in bank’s risk management, rating agency says
Bank takes $463 million charge on U.S. mortgage writedowns
Mortgage includes gift certificate to have an energy audit
CIBC announced today that select high-traffic branches in Vancouver and Toronto will be open seven days a week.The bank says opening select urban branches on Sundays is one more way that CIBC is providing its clients with more options and flexibility.These full-service branches will offer clients access to a full range of transactional services, sales […]
CIBC to report VISA gain, U.S. mortgage writedowns in Q4
Deal expected to close in January
An Ontario Superior Court judge has denied CIBC’s motion for costs in a mortgage default case, ordering costs for the defendant instead, branding the bank’s behaviour in the case “arrogant” and “high-handed”. The case involves a mortgage held by CIBC that technically fell into default. The bank and the defendants ultimately agreed on the amount […]