CIBC’s quarterly profit falls 6%
The bank reported $1.19 billion of net profit in Q4
- By: IE staff, with files from Canadian Press
- December 5, 2019 December 5, 2019
- 11:55
The bank reported $1.19 billion of net profit in Q4
Currently, the OSC is the only provincial regulator that can't issue blanket orders
Mario Addeo and Richard Rousseau have been appointed vice chairs of the firm’s private client group
Mark Carney to assume new role next year
The deal could herald more mergers across the industry
Net assets grew to $409.5 billion
The losses were driven by the manufacturing and construction sectors
Thomas Miller and McCarthy Taylor acquisitions contribute to U.K. and Europe results
The firm's AUM reached a record high for the end of a quarter
Goods-producing industries rose 0.2% after a rebound in manufacturing
Central bank stands out among international peers in its decision to hold steady
The proportion of the country's responsible investment assets dedicated to retail investors is roughly double that of Canada