
	Where results make sense

Topic: Canadian Imperial Bank of Commerce

Related Topics

Canadian Bank of Commerce

CIBC

Big Six banks

Royal Bank of Canada

Li Ka Shing

Canada

Lotus Europa

Toronto, Ontario

Spring Arbor

Belice

Quixtar

Jacques Chirac

Music of Louisiana

List of Canadians

Toronto Sun

In the News (Wed 30 May 12)

EXECUTIVE POWER

Iran

ANALYSIS

Pakistan

Family compact

	Canadian Imperial Bank of Commerce - Wikipedia, the free encyclopedia
		In 1961 the two banks merged to form the Canadian Imperial Bank of Commerce and in 1962, opened a major new banking centre in Montreal, Quebec with the construction of the CIBC building.
		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.
		Henry Stark Howland 1875-1889 - founder and former Bank of Commerce VP 1867-1875; former reeve and postmaster for the Village of Kleinburg 1859-1860, York County Warden.
	en.wikipedia.org /wiki/Canadian_Imperial_Bank_of_Commerce (1864 words)

	Comments of Canadian Imperial Bank of Commerce on S7-15-03
		CIBC strongly supports the efforts of the SEC to extend the exemption under Section 402 of the Sarbanes-Oxley Act that is available to U.S. banks to loans made by non-U.S. banks to their directors and executive officers.
		In general, Canadian banking law prohibits loans by a bank to a director or senior officer unless (i) the loan is on market terms and conditions and (ii) the aggregate amount of all such loans does not exceed statutory limits.
		Canadian banking law also permits a bank to make a loan to a senior officer that is not on market terms and conditions, but only if the loan is approved by the bank's conduct review committee and does not exceed statutory limits.
	www.sec.gov /rules/proposed/s71503/canadianibc101703.htm (1072 words)

	Complaint: Canadian Imperial Bank of Commerce et al.
		CIBC arranged for the capitalization of the SPEs, in a ratio of 97 percent debt and three percent equity.
		CIBC knew that if the auction process occurred as set forth in the terms of the financings, and the asset were sold by CIBC to a third party at a price less than Enron's initial purchase price, Enron would suffer an accounting loss, a result that Enron would not permit.
		CIBC handsomely compensated Schottlaender, and his efforts in the financing transactions with Enron were a factor in determining the amount of this compensation.
	www.sec.gov /litigation/complaints/comp18517.htm (4540 words)

	Boma Manufacturing Ltd. v. Canadian Imperial Bank of Commerce (Site not responding. Last check: 2007-10-09)
		The respondent bank's policy with respect to a customer wishing to deposit a third party cheque to her account was to require that the cheque be endorsed by the payee.
		Canadian Imperial Bank of Commerce" (1994), 9 B.F.L.R. 227, in which she expresses her view that this case should not be decided in reference to the Act, but rather on the common law tort of negligence, and that the courts should impose a duty of account verification on bank customers.
		Canadian Imperial Bank of Commerce (1986), 34 B.L.R. According to the court in Gough, the delivery must be made by the authority of the drawer or the acceptor or the endorsee, as the case may be, referring to the language set out in s.
	www.lexum.umontreal.ca /csc-scc/en/pub/1996/vol3/html/1996scr3_0727.html (16757 words)

	#718: 12-22-03 CANADIAN IMPERIAL BANK OF COMMERCE AGREES TO COOPERATE WITH ENRON INVESTIGATION, EXIT STRUCTURED FINANCE ...
		CIBC provided the “equity” stake only because Enron’s senior management first orally promised CIBC that the “equity” would be repaid with a profit at or before the end of the term of the transaction.
		CIBC’s transactions with Enron generated between 75 percent and 100 percent of EES’s reported earnings in 2000 and the first two quarters of 2001, and between 46 percent and 62 percent of EBS’ reported earnings for 2000 and the first quarter of 2001.
		The agreement with CIBC is part of the Justice Department’s investigation into the collapse of Enron Corp. The investigation is headed by the Enron Task Force, a team of federal prosecutors supervised by the Department’s Criminal Division and agents from the FBI and the IRS Criminal Investigations Division.
	www.usdoj.gov /opa/pr/2003/December/03_crm_718.htm (1003 words)

	Pax Management Ltd. v. Canadian Imperial Bank of Commerce (Site not responding. Last check: 2007-10-09)
		Although the Bank's intention was to ascertain whether to call the loans, the company was told by the Bank's representative that the investigation was to assist with the ongoing relationship between the company and the Bank.
		The Bank made this decision on the basis of an initial oral report from Meikle that Beaver was in financial difficulty and also on the belief that, if a receiver was appointed at this time, any deficiency would be smaller than if the appointment was delayed since Beaver's receivables were at their highest point.
		The bank knew that all Beaver's loan payments were up to date, and knew, from its solicitor's advice, that its loan agreement had problems in its wording which made it difficult to justify a demand of the loan.
	www.lexum.umontreal.ca /csc-scc/en/pub/1992/vol2/html/1992scr2_0998.html (7452 words)

	Canadian Bank of Commerce - Wikipedia, the free encyclopedia
		The Canadian Bank of Commerce was a Canadian bank founded in 1867.
		It merged with the Imperial Bank of Canada in 1961 to form the Canadian Imperial Bank of Commerce.
		During World War I and II, staff from the Canadian Bank of Commerce enlisted in the war effort.
	en.wikipedia.org /wiki/Canadian_Bank_of_Commerce (105 words)

	FRB: Press Release -- Approval of application of Canadian Imperial Bank of Commerce (CIBC) -- September 20, 1999
		In addition, CIBC operated Canadian Imperial Bank of Commerce California, a California state bank, from 1929 until it was voluntarily dissolved in 1991.
		CIBC is a large banking organization with a satisfactory record of complying with U.S. banking regulations and substantial financial and managerial resources that are sufficient to ensure compliance by Bank with all relevant regulatory requirements.
		CIBC's record of operating in the United States, including its past record of performance under the CRA, and its dealings with federal banking supervisors indicate that CIBC may be relied on to implement fully the programs and policies it has committed to implement.
	www.federalreserve.gov /boarddocs/press/bhc/1999/19990920 (2049 words)

	A Virtual Tour of Downtown Hamilton - Canadian Imperial Bank of Commerce (Site not responding. Last check: 2007-10-09)
		Ten-storey building formerly occupied by the Canadian Imperial Bank of Commerce (erected in 1892 as the head office of the Bank of Hamilton and enlarged in 1907).
		The building occupied by the Bank of Commerce, located on the corner of King and James Streets, was ten-storeys high.
		The Bank of Commerce merged with the Imperial Bank in the 1960 thereby becoming the Canadian Imperial Bank of Commerce or CIBC.
	collections.ic.gc.ca /hamilton_tour/cibc.htm (525 words)

	Canadian Imperial Bank of Commerce (Site not responding. Last check: 2007-10-09)
		CIBC is a reporting issuer (or equivalent) in each province and territory of Canada.
		CIBC developed these additional restrictions to ensure that its directors, senior officers and other employees are aware of their responsibilities under the Legislation and to assist them in complying with the Legislation.
		In connection with this application, CIBC has filed with the Decision Makers a summary of its internal policies and procedures relating to monitoring and restricting the trading activities of its insiders and other persons whose trading activities are restricted by CIBC.
	www.msc.gov.mb.ca /orders/cibc_6.html (698 words)

	M-81 Canadian Imperial Bank of Commerce Building - Province of Manitoba \| General Page (Site not responding. Last check: 2007-10-09)
		Manitoba communities were flooded with eastern banks, with now-forgotten names like the Bank of Hamilton, the Dominion Bank of Canada, the Bank of Hochelaga.
		While banks built in small communities were invariably small, they were not always modest; indeed, a few were quite grand buildings.
		The Canadian Imperial Bank of Commerce in Lynn Lake is an interesting departure from typical bank architecture.
	www.gov.mb.ca /chc/hrb/mun/m081.html (211 words)

	Canadian Imperial Bank of Commerce
		CIBC faced this challenge about three years ago when management realized that its methods of measuring financial performance were increasingly inadequate.
		CIBC has also developed the capability to measure the costs and capacity utilization of manual and automated processes.
		CIBC now has the capability to understand the economic impact of customer behavior in terms of how customers use products, how they respond to incentives, their channel preferences and their individual risk profile.
	www.accenture.com /Countries/Canada/Services/Client_Successes/CanadianCommerce.htm (461 words)

	Canadian Imperial Bank of Commerce posts massive 3Q losses \| newratings.com (Site not responding. Last check: 2007-10-09)
		NEW YORK, August 24 (newratings.com) — The Canadian Imperial Bank of Commerce (CM.TOR) Wednesday reported massive losses for the third quarter due to a C$2.5 billion charge to settle an Enron-related litigation.
		The Canadian Imperial Bank of Commerce’s profitability was hit by a charge related to the litigation settlement associated with the company’s dealings with Enron, which collapsed in 2001 following an accounting scandal.
		The Canadian Imperial Bank of Commerce’s return on equity was a negative 75.1%, compared to 21.3% in the year-ago quarter.
	www.newratings.com /analyst_news/article_984669.html (345 words)

	Inventive Designers : Canadian Imperial Bank of Commerce
		Canadian Imperial Bank of Commerce is a leading North American financial institution with branches based in various countries.
		When IBM announced the end of life of Office Vision/400, Canadian Imperial Bank of Commerce had a WAF/Content Manager application that was using OV/400 extensively to merge and print customer letters interactively and in batch.
		Canadian Imperial Bank of Commerce, located in Toronto, became the first customer to use DTM for iSeries successfully with the WAF/Content Manager application.
	www.inventivedesigners.com /dtm/testimonials/cibc.html (757 words)

	M-167 Canadian Imperial Bank of Commerce Building - Province of Manitoba \| General Page (Site not responding. Last check: 2007-10-09)
		The Canadian Imperial Bank of Commerce building in Elgin is a good example of the kind of bank buildings erected in small urban centres in the early twentieth century.
		The second storey was removed in the 1950s, but the neat little building is still a proud presence and, befitting a bank, of brick construction.
		The bank was closed in 1995 and now serves as the Elgin and District Historical Museum.
	www.gov.mb.ca /chc/hrb/mun/m167.html (113 words)

	Canadian Imperial Bank of Commerce v Commonwealth Ins. Co. (2005 NYSlipOp 05181) (Site not responding. Last check: 2007-10-09)
		Canadian Imperial Bank of Commerce v Commonwealth Ins.
		v Canadian Imperial Bank of Commerce, [2005] O J 1167, 2005 CarswellOnt 1216, 2005 On C LEXIS 1355) and until further order of the New York court, was an appropriate exercise of discretion (see Matter of Miller, 233 AD2d 236 [1996]).
		The parties to the two actions are the same and, in light of the pleading amendments accepted by the Canadian court, the issues to be litigated in the actions are identical (cf.
	www.courts.state.ny.us /REPORTER/3dseries/2005/2005_05181.htm (234 words)

	OSC - Orders & Rulings 2001 - In the Matter of Canadian Imperial Bank of Commerce - MRRS Decision Document - CVMO: ... (Site not responding. Last check: 2007-10-09)
		The Applicant is a Schedule 1 Canadian chartered bank governed by the Bank Act (Canada) and is a reporting issuer in each of the provinces of Canada and is not in default of any requirements of the securities legislation of each province of Canada.
		CIBC has established the Plan for directors of CIBC who are not officers or employees of CIBC or its subsidiaries (each, an "Eligible Director").
		Once an Eligible Director makes his or her election under the Plan, the timing of the acquisition of Common Shares, the number of Common Shares acquired and the price payable for the Common Shares are all determined by the criteria set out in the Plan.
	www.osc.gov.on.ca /Regulation/Orders/2001/ord_20010406_213_cibc.jsp (689 words)

	Enron Reaches Settlement With Canadian Imperial Bank of Commerce in MegaClaims Litigation
		According to the terms of the agreement, CIBC will pay Enron $250 million in cash and fully subordinate approximately $40 million in claims held by the bank.
		CIBC also agreed to pay Enron $24 million to permit Enron to allow approximately $80 million in claims transferred by CIBC to third parties.
		Enron's complaint includes claims that the banks aided and abetted breaches of fiduciary duties; aided and abetted fraud; and engaged in civil conspiracy.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-05-2005/0004083568&EDATE= (473 words)

	Canadian Imperial Bank of Commerce ( CIBC ) - Canada (Site not responding. Last check: 2007-10-09)
		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.
		1961 The Canadian Bank of Commerce merged with the Imperial Bank of Canada and was renamed Canadian Imperial Bank of Commerce, with total assets of $4.6 billion.
	www.scripophily.net /caimbaofcoca.html (1467 words)

	Individual Press Release
		CIBC is a leading North American financial institution.
		CIBC provides a full range of products and services to over nine million retail clients, administers Cdn.
		CIBC does not undertake to update any forward-looking statement that is contained in this news release.
	phx.corporate-ir.net /phoenix.zhtml?c=62537&p=IROL-SingleRelease&t=Regular&id=740365& (392 words)

	First Union National Bank - Panama Offshore Banking Guide
		Bank of Antigua One of the premier financial institutions in the eastern Caribbean, built on a reputation of service, trust and respect.
		Because of recent bank losses resulting from bankruptcy of some high visibility local enterprises, banks are expected to be more cautious in granting commercial loans.
		Bank Hapoalim The bank is active in Latin America and the Caribbean.
	www.banksinpanama.com /firstunionnationalbank.html (1072 words)

	Press Release Archives #089-01- MAYOR GIULIANI ANNOUNCES CANADIAN IMPERIAL BANK OF COMMERCE WORLD MARKETS WILL KEEP ...
		CIBC World Markets also plans to consolidate its New York City operations into a 1.2 million--square--foot office tower at 300-310 Madison Avenue that is being developed by Brookfield Financial Properties.
		CIBC will also be eligible to receive a maximum of $15.9 million (NPV) in additional sales tax exemptions in consideration of its projected creation of 2,800 new jobs in the City.
		CIBC will be able to earn benefits toward this amount as it certifies that it has added new jobs over its initial retention base.
	www.nyc.gov /html/om/html/2001a/pr089-01.html (854 words)

	Profit Down 13% at Canadian Bank - New York Times
		The Canadian Imperial Bank of Commerce said yesterday that profit fell 13 percent in the second quarter after it set aside 75 million Canadian dollars ($60 million) more to cover costs in an investigation of trading with United States hedge funds.
		Canadian Imperial added to the 50 million Canadian dollars it set aside last year for potential costs in the investigation of improper trading with hedge funds.
		The bank, which has neither admitted nor denied any wrongdoing in the matter, said it might require additional provisions.
	www.nytimes.com /2005/05/26/business/worldbusiness/26bank.html?ex=1274760000&en=81000594b9f3e0f4&ei=5088&partner=rssnyt&emc=rss (285 words)

	ebizQ - Relizon Inks $90M Pact With Canadian Imperial Bank of Commerce (Site not responding. Last check: 2007-10-09)
		The contract calls for Relizon to provide CIBC with document management solutions and marketing fulfillment services for CIBC's banking network across North America.
		With more than 9 million personal banking and business customers, CIBC 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 is a leader in best-practice financial services for its customers, and we are proud to work with them to develop and implement best practices in their document management and marketing fulfillment processes across Canada and the U.S."
	www.ebizq.net /news/3958.html?&pp=1 (263 words)

	Canadian Imperial Bank of Commerce Toronto by I.M. Pei
		Canadian Imperial Bank of Commerce Toronto by I.M. Pei
		This building was constructed for the Canadian Imperial Bank of Commerce.
		Commerce Court West was considered to be the tallest office building in Toronto until the construction of First Canadian Place in 1975.
	www.galinsky.com /buildings/cibc (412 words)

	Canadian Imperial Bank of Commerce Case Study \| eds.com
		Canadian Imperial Bank of Commerce Case Study
		A series of internal changes and consolidations left Canadian Imperial Bank of Commerce (CIBC) with a fragmented IT environment that included 30 separate HR systems.
		EDS also transitioned approximately 200 CIBC staff to handle payroll processing, benefits administration and other HR projects – nearly 1,000 procedures in all.
	www.eds.com /services/casestudies/cibc.aspx (205 words)

	Canadian Imperial Bank of Commerce "neutral," estimates revised \| newratings.com (Site not responding. Last check: 2007-10-09)
		Canadian Imperial Bank of Commerce "neutral," estimates revised
		In a research note published this morning, the analyst mentions that the elements that caused an upside surprise in the company's results for the last quarter would not be sustainable going forward.
		UBS believes, however, that Canadian Imperial Bank of Commerce's capital rebuilding targets are achievable.
	www.newratings.com /analyst_news/article_986827.html (301 words)

Try your search on: Qwika (all wikis)