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Topic: CIBC Retail Markets


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In the News (Sat 19 Dec 09)

  
  Individual Press Release
CIBC has taken a number of steps to strengthen its retail business to better position it for long-term growth, including integrating the management of personal and small business banking and Imperial Service, integrating the management of CIBC's credit card business into retail markets and integrating management of the deposit and fixed term investment businesses.
CIBC is a leading North American financial institution with assets of $290.7 billion, market capitalization of $27.8 billion and a Tier 1 capital ratio of 9.2% at April 30, 2006.
CIBC's management, with the participation of the Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness, as at April 30, 2006, of CIBC's disclosure controls and procedures (as defined in the rules of the SEC and the Canadian Securities Administrators) and has concluded that such disclosure controls and procedures are effective.
phx.corporate-ir.net /phoenix.zhtml?c=62537&p=IROL-SingleRelease&t=Regular&id=862778&   (10073 words)

  
  Canadian Imperial Bank of Commerce - Wikipedia, the free encyclopedia
CIBC National Bank was established in the U.S. in 1999, but opened an foreign exchange office in New York in 1875 (Canadian Bank of Commerce), London in 1901 and in Asia (Hong Kong) in 1970.
CIBC is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks.
CIBC announced a US$2.4 billion payout agreement in principle to settle the Enron class action litigation on behalf of Enron security purchasers on August 2005, but this led to a drop in share prices and outcry from the bank's shareholders.
en.wikipedia.org /wiki/CIBC   (1657 words)

  
 CNW Telbec
CIBC is currently focused on reducing the loss levels in its consumer credit portfolio and continues to invest in managing reputation and legal risk through integrated governance and control initiatives across the organization.
Summary of segmented results CIBC Retail Markets Net income was up $39 million or 16% from the same quarter last year, primarily due to volume growth and favourable spreads in personal banking and cards, volume growth in mortgages, and lower loan losses primarily due to the impact of higher levels of securitized assets in cards.
CIBC Wealth Management Net income was up $14 million or 13% from the same quarter last year, primarily due to the reduction in income tax expense related to the hedge funds settlements and higher retail brokerage revenue, partially offset by higher non-interest expenses.
www.cnw.ca /fr/releases/archive/August2005/24/c1663.html   (11131 words)

  
 CIBC. Who is CIBC? What is CIBC? Where is CIBC? Definition of CIBC. Meaning of CIBC.
CIBC has three branches: CIBC Retail Markets, CIBC Wealth Management, and CIBC World Markets.
In 1988 CIBC moved into the investment market by puchasing Wood Gundy Inc.
Today CIBC is one of Canada's Big Six banks.
www.knowledgerush.com /kr/encyclopedia/CIBC   (155 words)

  
 CNW Group   (Site not responding. Last check: 2007-10-13)
CIBC Retail Markets net income for the second quarter was $205 million, compared with $282 million for the previous quarter.
CIBC is also a third-party defendant in several cases in which Enron investors sued Enron's accountants, Arthur Andersen LLP, which thereafter, filed third-party claims against a number of financial institutions including CIBC, seeking contribution if Arthur Andersen LLP is found liable to plaintiffs in those actions.
CIBC's interim consolidated financial statements do not include all disclosures required by Canadian GAAP for annual financial statements and accordingly, should be read in conjunction with the consolidated financial statements for the year ended October 31, 2003, as set out on pages 63 to 110 of the 2003 Annual Report.
www.newswire.ca /en/releases/archive/May2004/26/c5605.html   (9941 words)

  
 CNW Group   (Site not responding. Last check: 2007-10-13)
CIBC World Markets Net income was down $15 million from the first quarter of 2004, primarily due to reduced revenue from sales of non-core loans, partially offset by lower non-interest expenses.
In addition, two CIBC subsidiaries are named as defendants in a number of class actions, brought on behalf of shareholders of several families of mutual funds, alleging that CIBC knew or recklessly disregarded the fact that the hedge fund clients it financed were engaging in deceptive market timing and late trading of mutual fund shares.
CIBC's interim consolidated financial statements do not include all disclosures required by Canadian GAAP for annual financial statements and accordingly, should be read in conjunction with the consolidated financial statements for the year ended October 31, 2004, as set out on pages 104 to 155 of the 2004 Annual Accountability Report.
www.newswire.ca /en/releases/archive/February2005/24/c6297.html   (9301 words)

  
 CIBC - CIBC Quick Facts
CIBC (TSX, NYSE: CM) is a leading North American financial institution.
The CIBC group of companies contributed more than $36 million globally to charitable and non-profit initiatives; of this, $28 million was invested in Canada, including more than $21 million in charitable donations, supporting a wide variety of national, regional and local organizations with a strategic focus on youth, education and health
CIBC World Markets is the wholesale and corporate banking arm of CIBC, providing a range of integrated credit and capital markets products, investment banking, and merchant banking to clients in key financial markets in North America and around the world.
www.cibc.com /ca/inside-cibc/quick-facts.html   (429 words)

  
 CIBC World Markets - Individual Investors
Canadian Imperial Bank of Commerce (CIBC) is a leading North American financial institution providing a full menu of financial services to more than nine million clients, including retail and small business banking clients as well as corporate and institutional clients.
There are about 1,400 CIBC Wood Gundy Investment Advisors working in over 100 branches across Canada, ensuring you are never far from the one-to-one expertise that characterizes the relationships our Investment Advisors establish with their clients.
CIBC Private Banking provides clients with access to personalized banking services, sophisticated credit strategies and a broad range of specialized investment services.
www.cibcwm.com /wm/individual-investors.html   (393 words)

  
 BAI KnowledgeBank Retail Financial Services Community - Branch banking - the pendulum swings
It is divesting branches in low-growth markets and becoming more flexible in branch design, from flagship stores in high-priority markets to lower-fixed-cost branch formats that are easier to relocate.
CIBC is closing branches that don't meet its threshold of performance, especially in low-growth areas.
CIBC is rolling out a new teller front end that allows customers and tellers to engage in a sales interaction in what otherwise would have been a service transaction.
www.bai.org /retailbanking/schmid.asp   (1641 words)

  
 CNW Telbec   (Site not responding. Last check: 2007-10-13)
Under his leadership, CIBC World Markets will continue to actively manage its capital, focus on profitable growth in the U.S., Europe and Asia, and seek to further build on its strength in Canada, where CIBC is recognized as the leading Canadian investment bank.
CIBC has also received external recognition for its commitment to sustainability, most recently being named as one of seven Canadian companies which qualified as a 2004 Triple Crown Winner, by being included on the FTSE4Good Global Index, the Dow Jones Sustainability Index (DJSI), and the 2003 Corporate Knights Best 50 Corporate Citizens in Canada.
CIBC's disclosure controls and procedures support the ability of the President and Chief Executive Officer and the Chief Financial Officer of CIBC to certify CIBC's first quarter financial report and disclosure controls and procedures.
www.cnw.ca /fr/releases/archive/February2004/26/c2187.html   (2018 words)

  
 SAS Success Story: CIBC   (Site not responding. Last check: 2007-10-13)
CIBC is a leading North American financial institution comprising three business lines: CIBC Retail Markets, CIBC Wealth Management and CIBC World Markets.
CIBC has the leading credit card business in Canada with the number one market share both in card purchase volumes and average outstanding card balances.
CIBC wanted to be more competitive against new card offerings entering the Canadian marketplace, but knew it had to balance flexibility and agility with a responsible approach to maintaining strict risk processes.
www.sas.com /success/cibc_credit.html   (973 words)

  
 CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ - BCM Report of Foreign Issuer (6-K) EXHIBIT 99.1
CIBC continued to be recognized for its performance in meeting the needs of its stakeholders, tying for first place among Canadian banks in a survey of Corporate Social Responsibility practices recently carried out by Report on Business magazine.
CIBC's net income was $531 million for the quarter, up $211 million from the second quarter of 2003, which included an $81 million after-tax write-down relating to the Air Canada contract.
CIBC Retail and Wealth is the focus of our overall strategy of concentrating resources and increasing capital to the retail operations.
sec.edgar-online.com /2004/05/26/0000909567-04-000822/section3.asp   (12488 words)

  
 wikien.info: Main_Page   (Site not responding. Last check: 2007-10-13)
CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc by CIBC.
CIBC Wood Gundy is a division of CIBC World Markets.
CIBC World Markets, formerly CIBC Wood Gundy, is the investment arm of Canadian Imperial Bank of Commerce.
www.hostingciamca.com /browse.php?title=C/C/CIB   (748 words)

  
 reportonbusiness.com: globeinvestor.com - CIBC earnings and dividend rise
CIBC said its earnings in the latest period were boosted by a reversal of litigation accruals, the changing value of credit derivatives, and a tax recovery, which together added 50 Canadian cents a share to earnings.
CIBC's exposure to the troubled U.S. subprime mortgage market is held in its structured credit business, in exotic debt products like collateralized debt obligations and residential mortgage-backed securities.
Meanwhile, net income at CIBC Retail Markets, its retail and wealth management segment, rose 14 percent to C$555 million, on volume growth and higher revenue from the acquisition of FirstCaribbean International Bank.
www.globeinvestor.com /servlet/story/ROC.20070830.2007-08-30T213201Z_01_WNA1372_RTRIDST_0_BUSINESS-CIBC-RESULTS-COL/GIStory   (695 words)

  
 Our Customers
CIBC is a leading North American financial institution comprising three strategic business lines: CIBC Retail Markets, CIBC Wealth Management, and CIBC World Markets.
CIBC provides financial services to more than nine million clients, including retail and small business banking clients as well as corporate and investment banking clients.
Retail Decisions ("ReD") is an international electronic payment transaction services business that provides fraud prevention, enterprise-class payment processing software and value-added transaction and consulting services to the finance, telecommunications, retail and e-commerce sectors.
www.systinet.com /industry_solutions/our_customers   (3183 words)

  
 CBC News: Investment sales boost CIBC profits   (Site not responding. Last check: 2007-10-13)
CIBC said its most recent results were boosted by an $85-million gain on the sale of shares of Republic Bank, a $115-million gain on the sale of shares of Juniper Financial Corp., and a $34-million gain on the sale of shares of ACE Aviation Holdings Inc.
CIBC Retail Markets' net income was $364 million, up $87 million from the first quarter of 2004, due to the gain on the Republic Bank and ACE sales, and volume growth in personal banking.
CIBC shares were down 33 cents to close at $70.17 Thursday.
www.cbc.ca /story/business/national/2005/02/24/cibc-050224.html   (267 words)

  
 CIBC - Retail Markets
Retail Markets is at the heart of all the service offerings we provide.
CIBC delivers financial services to more than 5.9 million Retail and 460,000 Small Business customers in Canada.
Using a multi-brand/multi-channel growth strategy, CIBC Mortgages and Lending is responsible for the development, distribution, servicing and profitability of various mortgage brands as well as CIBC lending products.
www.cibc.com /ca/inside-cibc/careers/join-our-team/our-organizational-structure/retail-markets.html   (354 words)

  
 Canadian Imperial Bank of Commerce ( CIBC ) - Canada   (Site not responding. Last check: 2007-10-13)
CIBC is a leading North American financial institution comprising three strategic business units: CIBC Retail Markets, CIBC Wealth Management, and CIBC World Markets.
CIBC has more than nine million personal banking and business customers and offers a full range of products and services through its comprehensive electronic banking network and at branches and offices across Canada, the United States and around the world.
CIBC trades on the Toronto Stock Exchange under the symbol CM and on the New York Stock Exchange under the symbol BCM.
www.scripophily.net /caimbaofcoca.html   (1301 words)

  
 Canadian Imperial Bank of Commerce - Fact Sheet - Hoover's
CIBC's nearly 1,100 branches offer a range of consumer and business services, including deposit accounts, loans, brokerage, mutual funds, and trust services.
It operates in three segments: CIBC Retail Markets (credit cards, consumer and small business banking); CIBC World Markets (corporate banking, securities, foreign exchange trading); and CIBC Wealth Management.
Column-to-column comparisons to the industry and the market are available with a Hoover's subscription.
www.hoovers.com /cibc/--ID__40707--/free-co-factsheet.xhtml   (324 words)

  
 Careers at Canadian Imperial Bank :: Interview with Canadian Imperial Bank
Canadian Imperial Bank of Commerce (CIBC) is a leading North American financial institution comprising three strategic business lines: CIBC Retail Markets; CIBC Wealth Management; and CIBC World Markets.
CIBC provides financial services to more than nine million clients, including retail and small business banking clients as well as corporate and investment banking clients.
As of October 31, 2004, CIBC had assets of $278.8 billion and a market capitalization of $25.7 billion.
www.interviewat.com /cibc   (180 words)

  
 Advisory - Leading North American Retailers to Present at CIBC World Markets 8th Annual Retail Investors Conference : ...   (Site not responding. Last check: 2007-10-13)
This event is by invitation only, but media and the public are invited to listen to the audio cast at http://conferences.cibcwm.com/retail2005.
CIBC World Markets is the wholesale banking arm of CIBC, providing a full range of integrated credit and capital markets products, investment banking, and merchant banking to clients in North America and around the world.
CIBC World Markets' parent company is CIBC, one of North America's first and largest financial institutions with offices in 18 countries, including the world's major financial centers.
press.arrivenet.com /bus/article.php/574306.html   (300 words)

  
 Payment Gateway World : CCAvenue™
It is a formidable market player with major market share in key businesses including unsecured lending, deposits and investments and secured assets.
Currently, CIBC is a leading North American financial institution comprising of two strategic business lines: CIBC Retail Markets and CIBC World Markets.
RBC is one of Canada’s largest banks in the assets and market capitalization sector and is one of North America's leading diversified financial services companies.
world.ccavenue.com /content/chinese_banks.jsp   (3054 words)

  
 Report On Business Magazine
Schmid is part of a crew led by CIBC retail markets vice-chair Jill Denham that will parachute into a troubled division, fix things, then dash to the next problem.
Born in South Africa to a chef and a nurse, Schmid came to Canada in 1990 and earned a master's degree in aerospace engineering at the University of Toronto.
He went to work for Denham in 2001 at CIBC's merchant bank and followed her to a bigger challenge: revitalizing CIBC's retail operations-18,000 employees spread over 1,143 branches.
www.theglobeandmail.com /special/robmagazinecover/40/GerrardSchmid.html   (214 words)

  
 Finance enewsletter - First Quarter 2004
CIBC is a leading North American financial institution consisting of three business lines: CIBC Retail Markets, CIBC Wealth Management and CIBC World Markets.
The goal is to put an end to the kind of market confidence-shattering financial meltdowns that occurred at Enron and WorldCom.
Forrester states SAS Marketing Automation 4 and its sister products in the customer intelligence family have the potential to shake up the marketing automation software market and seize a leadership position.
www.sas.com /news/newsletter/fs/2004q1_fsenews.html   (826 words)

  
 eLegal Canton: April 2005 Archives
As Privacy Commissioner, I was disappointed that an apparently well-organized institution such as CIBC failed to recognize that the misdirected faxes were a privacy issue.
Having a website is a critical marketing strategy for any business, whether big or small.
Creating a website is not, however, a one-time exercise that can then be forgotten, as shown by a recent New Zealand court decision in which a restaurant operator was fined for misleading advertising due to neglecting to keep the website up to date.
www.canton.elegal.ca /archives/2005/04/index.html   (4027 words)

  
 CIBC   (Site not responding. Last check: 2007-10-13)
It is currently Canada's fourth largest chartered bank and a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation, a federal agency insuring deposits at all of Canada's chartered banks.
CIBC's world and Canadian headquarters is at Commerce Court, designed by renowned architect I.M. Pei in 1973.
There was an attempt by CIBC to merger with then TD Bank (now TD Canada Trust) in the late 1990s, but the federal government stepped in to stop this from happening.
www.worldhistory.com /wiki/C/CIBC.htm   (1046 words)

  
 Clarity Systems - Banking
Clarity 6 will help organizations make smarter, more informed decisions to increase and maintain the competitive advantage for any retail bank.
Clarity 6 provides all of the functionality necessary for retail banks to address their key areas of concern:
Clarity 6 can analyze the cost and benefit of the services provided by each branch giving the bank insight into how each branch is performing, what products and services each branch is providing and the customer mix.
www.claritysystems.com /Solutions/Banking.aspx   (599 words)

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