NYSE:CM

CIBC announces an amendment to its CARDS II securitization program

Retrieved on: 
Monday, April 29, 2024
CARDS, Prospectus, TSX, Trust, Commerce, Visa

TORONTO, April 29, 2024 /PRNewswire/ - CIBC (TSX: CM) (NYSE: CM) today announced an amendment to its CARDS II securitization program.

Key Points: 
  • TORONTO, April 29, 2024 /PRNewswire/ - CIBC (TSX: CM) (NYSE: CM) today announced an amendment to its CARDS II securitization program.
  • Canadian Imperial Bank of Commerce and other parties to the CARDS II Trust credit card receivables securitization program have amended the program to allow revenue from Mastercard credit card accounts to be included in the securitization program, in addition to the Visa credit card accounts that are currently the only type of account in the securitization program.
  • This is not an offer to sell or a solicitation of any offer to buy any securities.
  • The securities issued by CARDS II Trust have not been registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws in the United States.

Are Canadians sleeping on their tax refunds?

Retrieved on: 
Friday, April 26, 2024
Head, Government, Investment

Where are Canadian tax refunds going?

Key Points: 
  • Where are Canadian tax refunds going?
  • "While many Canadians are planning to hold on to their refund as cash, it may not be a good long term strategy.
  • More than two-thirds (68 per cent) of Canadians claim to have received or expect to receive a tax refund, suggesting that many have or feel as though they have overpaid over the course of the year.
  • "Each investor's tax planning should involve minimizing refunds to make best use of assets throughout the tax year, in addition to deploying any end-of-year refunds."

CIBC named global leader in Investment Banking and Sustainable Bonds by Global Finance

Retrieved on: 
Thursday, April 18, 2024
University, Investment, Investment banking, Climate, Green, Partnership, Carbon, Financial system, Schulich School of Business, Bank, CIBC, Head, McGill University, Renewable energy

TORONTO, April 18, 2024 /CNW/ - CIBC has been recognized by Global Finance for the second consecutive year as the Best Investment Bank in Canada and for its leadership in environmental and social sustainability financing at the Global Finance World's Best Investment Bank and Sustainable Finance Awards for 2024, including:

Key Points: 
  • TORONTO, April 18, 2024 /CNW/ - CIBC has been recognized by Global Finance for the second consecutive year as the Best Investment Bank in Canada and for its leadership in environmental and social sustainability financing at the Global Finance World's Best Investment Bank and Sustainable Finance Awards for 2024, including:
    Best Bank for Green Bonds, Global
    Best Bank for Sustainable Bonds, Global
    Best Bank for Sustainable Infrastructure Finance, North America
    Best Bank for Sustainable Project Finance, North America
    Best Bank for Transition/Sustainably-Linked Loans, North America
    "This recognition highlights CIBC's longstanding leadership in supporting our clients and enabling a more sustainable future," said Susan Rimmer, Managing Director and Head, Global Corporate and Investment Banking, CIBC.
  • "These awards demonstrate our continued commitment to helping our clients achieve their ambitions while accelerating transition."
  • This recognition follows CIBC's 2023 award from Global Finance for Best Investment Bank in Canada and for Outstanding Leadership in Sustainable Infrastructure Finance.
  • The Global Finance Awards recognize leadership in environmental and social sustainability financing, and highlights leading institutions' expertise, advisory and innovation for capital markets clients.

CIBC introduces additional Canadian Depositary Receipts ("CDRs")

Retrieved on: 
Wednesday, April 17, 2024
CDR, CIBC

TORONTO, April 16, 2024 /CNW/ - Today CIBC announced a new addition to its Canadian Depositary Receipts ("CDRs") lineup, now available on Cboe Canada.

Key Points: 
  • TORONTO, April 16, 2024 /CNW/ - Today CIBC announced a new addition to its Canadian Depositary Receipts ("CDRs") lineup, now available on Cboe Canada.
  • Introduced to investors over two years ago, CIBC now has a total of 55 CDRs available in market.
  • CDRs make it easy to invest in many of the world's largest companies – in Canadian dollars.
  • The new CDR is listed below with its Cboe Canada ticker symbols:
    This adds to the existing lineup of CDRs which are available for trading on Cboe Canada.

CIBC named one of Canada's Greenest Employers for third consecutive year

Retrieved on: 
Tuesday, April 16, 2024
Carbon, PCAF, Investment, Sustainability, Biophysical environment, Partnership, Workplace, EDC, Culture, Senior, LEED, CIBC, ESG, Platinum, GHG, Renewable energy

TORONTO, April 16, 2024 /CNW/ - CIBC has proudly been recognized as one of Canada's Greenest Employers for 2024, marking the third consecutive year the bank has received this award from MediaCorp Canada.

Key Points: 
  • TORONTO, April 16, 2024 /CNW/ - CIBC has proudly been recognized as one of Canada's Greenest Employers for 2024, marking the third consecutive year the bank has received this award from MediaCorp Canada.
  • This recognition underscores CIBC's commitment to environmental stewardship and its efforts to create a culture of sustainability within the bank and broader community.
  • "We are honoured to be named as one of Canada's Greenest Employers," said Kikelomo Lawal, Executive Vice-President, Chief Legal Officer and Chair of the Senior Executive ESG Council, CIBC.
  • CIBC's sustainability partnership commitments include:
    One of the first banks in Canada to join the RMI Centre for Climate Aligned Finance.

Homeownership feels out of reach for 76 per cent of Canadians who don't own property: CIBC Poll

Retrieved on: 
Thursday, April 11, 2024
Housing, Family, Wave 1, Probability, CIBC, Second wave, Cryptocurrency

Among non-owners, overpriced markets (70 per cent) and the inability to save for a down payment (63 per cent) are cited as the main barriers to achieving their homeownership goal.

Key Points: 
  • Among non-owners, overpriced markets (70 per cent) and the inability to save for a down payment (63 per cent) are cited as the main barriers to achieving their homeownership goal.
  • At the same time, only 28 per cent of non-owners say they are currently saving for a down payment.
  • "Housing affordability is a challenge across the country and many Canadians could use guidance on how to make their homeownership dream a reality," said Carissa Lucreziano, Vice-President, Financial Planning and Advice, CIBC.
  • 48 per cent of Canadians are considering moving outside a major city to get more for their money.

CIBC Announces Election of Directors at 2024 Annual Meeting

Retrieved on: 
Thursday, April 4, 2024
TSX, Annual general meeting, Holding company

TORONTO, April 4, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) announced today that the nominees listed in its Management Proxy Circular dated February 14, 2024 were elected as Directors of CIBC.

Key Points: 
  • TORONTO, April 4, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) announced today that the nominees listed in its Management Proxy Circular dated February 14, 2024 were elected as Directors of CIBC.
  • Detailed results of the vote for the election of directors held earlier today at CIBC's Annual Meeting of Shareholders are below.
  • On a vote by ballot, each of the following 13 nominees proposed by management was elected as a Director of CIBC:

CIBC continues commitment to affordable housing with latest project: Thrive on King

Retrieved on: 
Monday, April 1, 2024
Medical college, Health, Ageing, Culture, CIBC, Education, CIBC Bank USA, History, Food, Hope

MILWAUKEE, April 1, 2024 /PRNewswire/ - CIBC today announced its involvement in the Thrive on King project, a historic adaptive reuse initiative that will transform a former department store building into 90 units of affordable housing in downtown Milwaukee.

Key Points: 
  • MILWAUKEE, April 1, 2024 /PRNewswire/ - CIBC today announced its involvement in the Thrive on King project, a historic adaptive reuse initiative that will transform a former department store building into 90 units of affordable housing in downtown Milwaukee.
  • "We are excited to be a part of the Thrive on King project, which will not only create much-needed affordable housing, but also contribute to the preservation of Milwaukee's rich history," said Tony Hernandez, head of Community Investment at CIBC Bank USA.
  • CIBC's $45.5 million commitment through equity investment and construction lending will play a pivotal role in realizing the vision of this project.
  • The adaptive reuse of a vacant, historically significant store, will create 90 units of affordable housing in downtown Milwaukee.

CIBC releases 2023 ESG disclosures updating its progress toward a more sustainable future

Retrieved on: 
Tuesday, March 12, 2024
Carbon, CIBC, Information technology, Biophysical environment, Employment, Ethics, Artificial intelligence, Black, Risk assessment, GRI, PCAF, Disability, Workplace, Legislation, Synthetic media, Team, Outline, Indigenous peoples, Customer satisfaction, LEED, Sustainability reporting, Person, Organization, GHG, ESG, CIBC FirstCaribbean International Bank, Senior, Certification, TSX, Sustainability, Meal, Partnership, Organic, Platinum, Government, Generative

TORONTO, March 12, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today released its annual environmental, social and governance (ESG) disclosures that include the 2023 Sustainability Report and Public Accountability Statement, and the 2023 Climate Report.

Key Points: 
  • TORONTO, March 12, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today released its annual environmental, social and governance (ESG) disclosures that include the 2023 Sustainability Report and Public Accountability Statement, and the 2023 Climate Report.
  • The disclosures provide an update on the bank's ESG progress and outline how the bank is helping to drive positive change toward a more sustainable future.
  • Received five awards for our mobile banking services, which recognized CIBC for its client experience, innovative features, security and ease of use.
  • "We will continue to advance our progress, drive positive change and enable a more sustainable and inclusive future for our clients, team members, communities and the planet."

CIBC Announces Senior Executive Appointments

Retrieved on: 
Thursday, March 7, 2024
CIBC Mellon, Personal, Senior, Research, Espresso, Capital market, CIBC Bank USA, Research fellow, TSX, Culture, Growth, Finance, Executive Committee, Corporate development, Hratch, CIBC, Treasury, Corporation, Management

I'm looking forward to working with our Executive Committee and our entire team as we go forward."

Key Points: 
  • I'm looking forward to working with our Executive Committee and our entire team as we go forward."
  • Under Jon Hountalas' leadership as Senior Executive Vice-President (SEVP) and Group Head, Canadian Banking, our Canadian Banking business has made strong progress in attracting new clients to our bank, enhancing client experience and delivering growth.
  • Mr. Culham joined CIBC in 2008, holding key roles in Capital Markets before assuming its leadership, more recently adding accountability for Direct Financial Services, as well as overseeing CIBC's operations in the Caribbean and CIBC Mellon.
  • Region and President and CEO, CIBC Bank USA, in 2022, will continue in his current role, providing strong leadership of our U.S.