Skip to main content

Latest

report on business
Big bank earnings wrap up as results disappoint and interest rates, recessionary fears bite
File photos of various Bank Buildings in Downtown Toronto. On left is TD Building, center is CIBC and gold one is Royal Bank. Pictures taken on Dec.31/03 Photo by Tibor Kolley
analysis
Wednesday’s TSX breakouts: Bank stock nears oversold territory, trading at the lowest valuation among its Big 5 peers
A person using the atm at a new branch of the CIBC on Queen St. West near Spadina Ave., is photographed on Mar 14, 2023. Ontario, (Fred Lum/The Globe and Mail)
advisor news
The FHSA is here: How to make the most of this new homebuyer incentive
Video30:10
opinion
CIBC walks back mishandled letter to clients holding GICs
Rob Carrick
report on business
Scotiabank, CIBC emphasize financial stability at shareholder meetings
A pedestrian walks past a Scotiabank branch in downtown Calgary, Alta., Friday, Sept. 16, 2022.THE CANADIAN PRESS/Jeff McIntosh
opinion
A trust lesson on banking from a CIBC letter to clients about changes to their GICs
Rob Carrick
opinion
No one will replace Silicon Valley Bank and that’s a big problem for tech
Mark McQueen
opinion
Asking too much about mortgages is triggering these two Canadian banks
David Milstead
report on business
One-fifth of CIBC mortgage borrowers seeing loan balances grow because of higher interest rates
The new CIBC logo on the side of a building at CIBC Square in downtown Toronto, is photographed on Sept 29, 2021. Fred Lum/The Globe and Mail.
report on business
Dominique Barker leaves CIBC to become chief financial officer of Lithium Royalty Corp.
A CIBC sign is shown in the financial district in Toronto on Tuesday, August 22, 2017. THE CANADIAN PRESS/Nathan Denette
inside the market
Market movers: Stocks that saw action on Friday - and why
The Canadian Imperial Bank of Commerce (CIBC) logo is seen on a building in Toronto on Sept. 27, 2021.
report on business
CIBC profit falls but tops forecasts on trading gains, lower loan-loss provisions
CIBC says it has entered into an agreement to settle a lawsuit filed against it by private equity firm Cerberus Capital Management LP. The company says it's agreed to pay US$770 million to Cerberus, and both parties have agreed to dismiss the litigation. The CIBC logo displayed on a flag in front of its headquarters in Toronto on Oct. 25, 2021. THE CANADIAN PRESS/Evan Buhler
report on business
CIBC reaches US$770-million settlement deal with Cerberus
CIBC says it has entered into an agreement to settle a lawsuit filed against it by private equity firm Cerberus Capital Management LP. The company says it's agreed to pay US$770 million to Cerberus, and both parties have agreed to dismiss the litigation. The CIBC logo displayed on a flag in front of its headquarters in Toronto on Oct. 25, 2021. THE CANADIAN PRESS/Evan Buhler
report on business
CIBC names Mark Usher as new head of innovation banking
The new CIBC logo displayed the the lobby of its headquarters in Toronto on Monday, Oct. 25, 2021. CIBC says Laura Dottori-Attanasio, senior executive vice-president and group head for Canadian personal and business banking, is retiring. THE CANADIAN PRESS/Evan Buhler
report on business
Head of CIBC’s innovation banking arm departs
Mark McQueen,President and Executive Managing Director of CIBC Innovation Banking, is photographed in the CIBC Innovation Banking offices in downtown Toronto, on April 4 2019.
report on business
CIBC exec Laura Dottori-Attanasio, once seen as potential CEO, exiting the bank
The new CIBC logo displayed the the lobby of its headquarters in Toronto on Monday, Oct. 25, 2021. CIBC says Laura Dottori-Attanasio, senior executive vice-president and group head for Canadian personal and business banking, is retiring. THE CANADIAN PRESS/Evan Buhler
report on business
CIBC agrees to pay $153-million to settle lawsuit with employees over unpaid overtime
The CIBC at Commerce Court in Toronto, on Thursday, Jan., 30, 2020. (Christopher Katsarov/The Globe and Mail)
report on business
CIBC to appeal U.S. court decision ordering it to pay $1.16-billion to Cerberus
The new CIBC logo displayed on a flag in front of its headquarters in Toronto on Monday, Oct. 25, 2021. CIBC says it is implementing a discount for shareholders who sign up to a dividend reinvestment plan. THE CANADIAN PRESS/Evan Buhler
report on business
Canadian banks face pressure to raise more money in wake of increase to capital requirements
The new CIBC logo displayed the the lobby of its headquarters in Toronto on Monday, Oct. 25, 2021. CIBC raised its dividend as it reported a fourth-quarter profit of $1.4 billion, up from $1 billion a year ago. THE CANADIAN PRESS/Evan Buhler
canada
CIBC rolls out dividend reinvestment discount after regulator hikes capital minimums
The new CIBC logo displayed on a flag in front of its headquarters in Toronto on Monday, Oct. 25, 2021. CIBC says it is implementing a discount for shareholders who sign up to a dividend reinvestment plan. THE CANADIAN PRESS/Evan Buhler
inside the market
CIBC reveals its top stock, sector and ETF picks for 2023
The new CIBC logo in CIBC Square is photographed on Mar 7.
analysis
Why CIBC’s shrinking loan margins are causing so much trouble for the bank’s share price
The new CIBC logo in CIBC Square is photographed on Mar 7, 2022. Fred Lum/The Globe and Mail. Staff at the bank will be moving from the bank’s current location further north on Bay St. near King St. West, to the newer office building this spring.
investor newsletter
There’s a money-saving new way to buy blue-chip U.S. dividend stocks
The right blue-chip stocks can stack up to form a made-in-Canada foundation for a 2020s investment portfolio.
globe investor
How to invest, profit and give back using ETFs
Red heart in woman and man hands. Black and white image on isolated white background. Concept of love, giving gifts, donorship.
stars and dogs
The Globe’s stars and dogs for the week
For Stars and Dogs column in Globe Investor/ROB only.
report on business
CIBC loses billion-dollar suit to New York hedge fund over debt deals dating back to the 2008 U.S. housing crisis
The new CIBC logo displayed the the lobby of its headquarters in Toronto on Monday, Oct. 25, 2021. CIBC reported its fourth-quarter profit fell to $1.19 billion compared with $1.44 billion in the same quarter last year as its provisions for credit losses climbed higher. THE CANADIAN PRESS/Evan Buhler
report on business
New York court issues liability ruling against CIBC in Cerberus lawsuit
The new CIBC logo displayed on a flag in front of its headquarters in Toronto on Monday, Oct. 25, 2021. CIBC says a New York court has issued a liability ruling against the Canadian bank in a lawsuit brought by Cerberus Capital Management LP. THE CANADIAN PRESS/Evan Buhler
inside the market
Friday’s analyst upgrades and downgrades
The TD South Tower on Sunday, Dec. 13, 2020.
report on business
Banks report longer amortization periods on mortgages as borrowers struggle with higher rates
A home for sale on Hawthorn Ave. in the Rosedale neighbourhood in Toronto on June 21 2012. Federal Minister of Finance Flaherty confirmed that Ottawa will reduce the maximum amortization period to 25 years from 30 years. (Fred Lum/The Globe and Mail)
report on business
Banks prepare for economic turbulence after mixed annual results
Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. From boosting cash on hand to cutting staff, Canadian banks are taking a variety of strategies to prepare for a widely expected economic slowdown in the year ahead. THE CANADIAN PRESS/Adrien Veczan
report on business
Major mortgage lenders let borrowers shift unpaid interest onto principal to cope with rising costs
A person walks past a TD Bank sign in the financial district in Toronto on Tuesday, Sept. 20, 2022. BDC today announced the launch of Thrive Venture Fund and Lab for Women, a $500-million investment platform that will support the growth and economic impact of Canadian women-led businesses. THE CANADIAN PRESS/Alex Lupul
inside the market
Friday’s analyst upgrades and downgrades
A Canadian Tire store is seen in North Vancouver on May 10, 2012.
report on business
Growing number of mortgage loans have amortization periods of more than 30 years
A for sale sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021. As the country's real estate market cools, the Canadian Real Estate Association is expected to release home sales figures for July. THE CANADIAN PRESS/Evan Buhler
inside the market
Raj Lala’s first stock: CEO sold his CIBC stocks to pay down a student loan from the bank
FILE PHOTO: The new Canadian Imperial Bank of Commerce (CIBC) logo is seen on a building in Toronto, Ontario, Canada September 27, 2021. REUTERS/Chris Helgren/File Photo
inside the market
Friday’s analyst upgrades and downgrades
Vehicles line up at the Tim Horton drive thru shop on Dorval Rd. in Oakville, Ont. on Feb 15, 2022.
report on business
Former finance minister Bill Morneau joins CIBC board
Minister of Finance Bill Morneau arrives to a cabinet meeting on Parliament Hill in Ottawa on Tuesday, June 18, 2019. THE CANADIAN PRESS/Sean Kilpatrick