News Topic: CIBC

Big banks north of the border are rapidly expanding their U.S. wealth divisions, competing with their stateside peers for higher-income clientele. ... Read full article

CIBC plans to spend two years focusing on internal growth at PrivateBank except for some targeted wealth management acquisitions, but ultimately capital outlays or takeovers will be necessary to meet its growth ambitions. ... Read full article

The following is a recap of the 2017 slate of honorees picked by the tech journalists at American Banker, led by Digital Banker of the Year Michelle Moore of Bank of America and including four finalists. ... Read full article

At CIBC, Aayaz Pira is quickly turning ideas into apps, including its new mortgage one, with the help of its recently formed innovation hub. ... Read full article

PrivateBancorp investors approved a $4.9 billion takeover by Canadian Imperial Bank of Commerce after the Toronto-based lender sweetened its deal twice to win over shareholders. ... Read full article

Canadian Imperial Bank of Commerce increased its offer for PrivateBancorp Inc. by $3 a share in cash to offset the decline in the bidder's stock price. ... Read full article

The value of CIBC's offer for PrivateBancorp in Chicago had dropped by $3 per share as of late last week due to the decline in CIBC’s stock price in recent weeks, one shareholder advisory firm said ahead of a shareholder vote next week. Another ... Read full article

The development of mobile mortgage solutions has to strike a delicate balance between self-service and making humans readily available for the stressful process. ... Read full article

The revised offer is 20% higher than the initial bid, which amounted to a discount after bank stocks soared following the November elections. ... Read full article

Canadian banks are hoping to create an environment where consumers have more control as to who is able to view their credentials. ... Read full article