Small transaction meaningfully strengthens bank’s presence on Caribbean island
Qtrade can expand its fund selection; Meritas gets country-wide exposure for its SRI funds
Acquisition includes assets of US$5.6 billion, 29 branches
Deal reflects CIBC’s focus on growth in business banking
Deal values firm at £395 million
Forestry, industrials and media/technology sectors fared the worst during the recession
Deal expands platform for growth in U.S. market
Desjardins analyst pegs three southeastern U.S. banks as prime candidates
Deal reinforces bank’s strong position in U.S. Midwest,
Capital markets operations to be rebranded Canaccord Genuity