Banking Industry


Biggest U.S. Bank To Slash 10,000 Jobs

NEW YORK, N.Y. - Bank of America Corp. is cutting 3,500 jobs, the latest sign that the banking industry is becoming smaller, simpler and less profitable.It's quite a transformation from the go-go days...
CP File

CIBC Takes Stake In Kansas Company

THE CANADIAN PRESS -- TORONTO - CIBC says it will acquire a 41 per cent equity interest in American Century Investments for $848 million. Kansas City-based American Century is a major U.S. asset manag...