CIBC

CIBC cuts jobs, shuffles executives in CEO cost-cutting mission

02/26/20

With its expenses soaring, the Toronto company has taken a $250 million restructuring charge to cover severance from staff reductions.

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CIBC plans job cuts, joining Canadian peers in savings quest

01/31/20

The Toronto firm, Canada’s fifth-largest lender by assets, must keep “a careful eye on costs” and improve efficiency, its CEO said in a corporate memo.

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TD, CIBC earnings misses cap hard quarter for Canadian banks

12/05/19

The country's top six banks were sideswiped by rising provisions for soured loans and slumping capital markets.

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CIBC's 'day late and a dollar short' missteps sour investors

11/19/19

Five years into Victor Dodig's time as chief executive officer of CIBC, the performance gap between Canada's fifth-largest bank and its peers is as wide as ever.

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Once dismissive of fintechs, traditional lenders now feeling their bite

05/23/19

Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Banks' card portfolios are taking a hit.

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TD, Royal Bank defy Canadian housing slump with loan growth

05/23/19

The two lenders are bucking the trend for the overall industry, which saw year-over-year mortgage growth slide to a 17-year low in March, according to the Bank of Canada.

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Blockchain adopted by Canadian banks to verify client identities

05/01/19

Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services.

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First Republic, Stearns Bank and CIBC: Bankers on the Move

03/12/19

A potential succession and a transfer of power in family leadership are among the key recent executive moves in banking.

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CIBC taps longtime insider to head U.S. operations

03/07/19

Michael Capatides, CIBC's chief administrative officer and general counsel, will take over as CEO of CIBC Bank USA on April 1, replacing Larry Richman.

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CIBC's 3-year streak of outpacing rivals on mortgages ends

08/23/18

A deceleration in mortgage balances ends CIBC's three-year streak of outpacing Canada's other large lenders on mortgage growth. Royal Bank of Canada said this week that mortgage balances were 5.9% higher than a year earlier.

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