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CIBC Invests in Bank of N.T. Butterfield & Son Ltd.

CIBC Invests in Bank of N.T. Butterfield & Son Ltd.
Canadian Imperial Bank of Commerce (CIBC) expanded its international presence with acquiring a minority interest in Bermuda based The Bank of N.T. Butterfield & Son Limited. Under the terms of the transaction, CIBC has invested US$150 million as part of a US$550 million recapitalization of Butterfield. The Carlyle Group and several other institutional investors have invested the ... Full story
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CIBC Settles ABCP Case

CIBC Settles ABCP Case
Canadian Imperial Bank of Commerce (CIBC) will be paying $22 million to settle allegations of wrong doing in connection with asset backed commercial paper. The Ontario Securities Commission orders that CIBC and CIBC World Markets pay the penalty on Monday December 21st, 2009. The province’s stock market regulator has also ordered that HSBC ... Full story
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BMO Capital Markets Names 2009 Best Bank for Canadian Dollar

BMO Capital Markets Names 2009 Best Bank for Canadian Dollar
BMO Capital Markets, the investment and corporate banking section of BMO Financial Group has been named the Best Bank for the Canadian Dollar by FX Weekly Magazine. This award is the first time that BMO Capital Markets has received this honour, which is determined by votes from foreign exchange market professionals around the ... Full story
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