Jon Haountalas replaces Steve Geist as CIBC undergoes a transformation centred on digital innovation and client-focused delivery services
The draft regulations published on Friday are in line with Ottawa’s consultation paper from August 2014 and consistent with expectations
The bank recapitalization regime would allow authorities to recapitalize a failing bank by converting some of its debt into common shares
Report urges banks to co-operate on countering the threats that are not going away any time soon
Bank officials strongly deny allegations of questionable sales practices
Committee hearings follow reports about employees at some big banks who were allegedly pressured to sell unnecessary products and services
The firm’s aim to close the transaction later this month
Banks could be more heavily impacted in the event of an adverse unemployment shock or rapid rise in interest rates
Many firms have reassessed their strategies following the global financial crisis
A handful of regional banks are best suited to take advantage