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 […]
CIBC AGF Dividend Income Fund Deposit Notes, Series 1, ROC offer monthly income, growth potential
Raises dividend to 87¢ a share
Results to include $290 million write-down in structured credit business
The notes based on the Signature Income & Growth Fund are available until August 9
Bank gives $500,000 donation
Current and former non-management employees owed tens of millions of dollars, suit alleges
Celebrations tie in with new business initiatives targeting diverse client groups and major cultural sponsorships