But numerous conditions apply in order for funds to short up to 10% of net assets
Notes linked to portfolio of funds, stocks and trusts
Ratings agency notes improvement in business practices, corporate governance
Deal expected to close by year end
Revenue drops at CIBC World Markets
CIBC today reported a big increase in fourth quarter profit, and announced plans to cut 900 jobs.Net income was $728 million, or $2.06 per share, in the quarter ended Oct. 31, up sharply from $402 million, or $1.06 per share, in the year-before period.A year ago, the bank’s profit was hurt by a provision taken […]
CIBC and CIBC Asset Management are launching CIBC Asset Management FULPAY DARTS Deposit Notes, Series 1.The principal-protected notes aim to provide 100% principal protection and investment returns that are linked to the performance of a notional portfolio of assets dynamically allocated over between an equity account and a bond account.The equity account will initially be […]
Insurance officers exit bank
CC&L, TAL Global and Wellington will start immediately
Revenue up 12%