CIBC misses estimates as profit margin from lending contracts
Canadian Imperial Bank of Commerce posted earnings that missed analysts' estimates as the lender failed to benefit from rising interest rates.
Source: americanbanker.com
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CIBC shuffles leadership in U.S. division, investment banking unit
Canadian Imperial Bank of Commerce named Chief Risk Officer Shawn Beber as the new head of its U.S. division and tapped Susan Rimmer to lead the company's global corporate and investment banking franchise.
Source: americanbanker.com
Bankers at CIBC London had book of sexual jokes about women
Executives at Canadian Imperial Bank of Commerce's London office kept a book full of "sexually suggestive comments" about women for a decade, in the latest employment tribunal case to shine a light on banking's sexist culture.
Source: americanbanker.com