Shareholders Vote Against CIBC Execs' $25-Million Payouts

Shareholders Vote Against CIBC Execs' $25-Million Payouts

CP  04.24.2015
CALGARY - Shareholders made it known they're unhappy with rich payouts to two former executives at the Canadian Imperial Bank of Commerce's...
CIBC Customers Will Soon Be Able To Do Banking By Apple Watch

CIBC Customers Will Soon Be Able To Do Banking By Apple Watch

CP  04.23.2015
CALGARY - CIBC is giving new meaning to the phrase bankers' hours.The bank (TSX:CM) says customers will soon be able to check their balances...
CIBC Faces Human Rights Complaint For Closing Iranian's Account

CIBC Faces Human Rights Complaint For Closing Iranian's Account

CBC  04.17.2015
A Montreal university student has filed a complaint with the Canadian Human Rights Commission, after CIBC told him he would have to close...
2 Retired CIBC Execs Keep Getting Paid, To The Tune Of $25 Million

2 Retired CIBC Execs Keep Getting Paid, To The Tune Of $25 Million

Daniel Tencer  04. 2.2015
What’s better than retiring? Retiring, and still collecting your paycheque. That’s the arrangement that former CIBC chief executive...
What Oil Price Collapse? Canadian Profits At 27-Year High

What Oil Price Collapse? Canadian Profits At 27-Year High

CP  03.31.2015
TORONTO - CIBC World Markets says corporate profit margins hit a 27-year high in the fourth quarter and are likely to remain strong despite...
BMO Chief Sees Big Pay Hike Despite Missing 3 Of 4 Performance Targets

BMO Chief Sees Big Pay Hike Despite Missing 3 Of 4 Performance Targets

03.20.2015
The chief executive of Bank of Montreal got a half-million-dollar raise last year, despite the bank missing three of four performance targets,...
Canadian Job Quality At Record Low, CIBC Says

Canadian Job Quality At Record Low, CIBC Says

CP  03. 5.2015
TORONTO - A major Canadian bank says job quality in Canada is at a record low and shows no sign of turning around.The CIBC Canadian employment...
CIBC Profit Shrinks

CIBC Profit Shrinks

CP  02.26.2015
TORONTO - CIBC is reporting a 21.6 per cent decline in first quarter net income compared with a year ago, when the bank had a onetime gain...
Now We Find Out What The Oil Price Collapse Is Doing To Canada's Banks

Now We Find Out What The Oil Price Collapse Is Doing To Canada's Banks

CP  02.22.2015
TORONTO - Canada's top lenders are expected to report a decline in their investment banking profits when they release their first quarter...
Loonie Plunges Through 80 Cents In Biggest 2-Year Drop Ever

Loonie Plunges Through 80 Cents In Biggest 2-Year Drop Ever

Daniel Tencer  01.28.2015
The Canadian dollar fell through a psychologically important barrier Wednesday, trading for the first time in five years below 80 cents...
This Is Why A Falling Loonie Won't Rescue Canada's Economy

This Is Why A Falling Loonie Won't Rescue Canada's Economy

Daniel Tencer  01.16.2015
Until a few months ago, the complaint that Canada’s economy isn’t diverse enough, and is too reliant on energy exports, seemed to be...

Student's Account Closed Because He's Iranian

CBC  12. 9.2014
Arash Khodadadi, a Montreal university student, has been forced by CIBC to close his chequing and savings accounts because he is from...
Canadian Banks Made $31.7 Billion In Profit In The Past Year

Canadian Banks Made $31.7 Billion In Profit In The Past Year

CP  12. 5.2014
TORONTO - Canada's top banks saw their fourth-quarter profits edge higher this year, but they warned that a slew of headwinds — including...
Too Many Condos? No, Canada Needs Way More, CIBC Says

Too Many Condos? No, Canada Needs Way More, CIBC Says

Daniel Tencer  11.19.2014
Canada consistently ranks near the top on international lists of the world’s most overheated housing markets, with house prices far above...