CIBC today reported a 33% rise in first-quarter profit, helped by stronger retail banking and capital markets income.The baml said net income was $770 million, or $2.11 a share, for the three months ended Jan. 31. That compared with earnings of $580 million, or $1.62 a share, in the same period a year earlier.The bank […]
CIBC said Friday it will purchase 129,804,474 common shares of FirstCaribbean International Bank under its previously announced offer to all shareholders that closed on Tuesday, January 30.CIBC has indicated to FirstCaribbean International Trust and Merchant Bank (Barbados) Ltd. the dealer manager for the offer, that it has taken up and intends to pay for all […]
Privacy Commissioner launches investigation
CHIP, CIBC sign agreement
The three-year-old agreement came into place as a result of CIBC’s involvement with Enron Corp.
Pays US$988 million to Barclays’s
Back office transformation earns kudos
CIBC today reported a higher fourth-quarter profit, thanks to a strong performance from its retail businesses.The bank said net income for the quarter ended Oct, 31 was $819 million, or $2.32 a share, compared with $728 million, or $2.06 a share, in the corresponding quarter of 2005.For the year, CIBC’s net income hit a record […]
Bank expands commercial payment offerings within the Canadian marketplace
Last year’s massive Q3 loss was a result of Enron-related litigation costs