Canadian Imperial Bank of Commerce - Company Profile
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Canadian Imperial Bank of Commerce (CIBC) is a provider of personal, small business, and commercial, and corporate banking solutions. Under personal banking, it offers accounts, overdraft protection, credit cards, loans and mortgages, investments, retirement planning, travel and creditor insurance, advisory, and other supporting solutions. Under small business banking, offerings consist of cash management, merchant services, accounts, credits, specialty services, corresponding banking, trade finance, and foreign exchange. The commercial and corporate banking segment includes business solutions, global investment banking and management, and custody. The bank serves to serves individuals, SMEs, corporates, high and ultra-high net worth individuals, and wealthy families. It has an operational presence in Europe, Asia-Pacific, North America, and the Caribbean. CIBC is headquartered in Toronto, Canada.
Canadian Imperial Bank of Commerce premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Accounts: | Digital Banking | CIBC |
Saving | Money Transfer | One for Change |
Checking | Foreign Exchange | Simplii Financial |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | New Products/Services | In February, the bank introduced seven new CDRs (Canadian Depositary Receipts) on Cboe Canada. |
2024 | Contracts/Agreements | In January, the bank entered into a partnership with Visa to introduce a new feature that enables near-instant remittances to digital wallets. |
2024 | New Products/Services | In January, CIBC Asset Management Inc. introduced CIBC 2025 Investment Grade Bond Fund, CIBC 2026 Investment Grade Bond Fund, and CIBC 2027 Investment Grade Bond Fund. |
Competitor Comparison
Key Parameters | Canadian Imperial Bank of Commerce | Royal Bank of Canada | The Toronto-Dominion Bank | The Bank of Nova Scotia | Bank of Montreal |
---|---|---|---|---|---|
Headquarters | Canada | Canada | Canada | Canada | Canada |
City | Toronto | Toronto | Toronto | Toronto | Toronto |
State/Province | Ontario | Ontario | Ontario | Ontario | Ontario |
No. of Employees | 48,047 | 90,166 | 103,257 | 89,249 | 55,767 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Victor G. Dodig | Chief Executive Officer; President; Director | Executive Board | 2014 | 58 |
Robert Sedran | Senior Executive Vice President; Chief Financial Officer | Senior Management | 2024 | - |
Kikelomo Lawal | Executive Vice President; Chief Legal Officer | Senior Management | - | - |
Frank Guse | Senior Executive Vice President; Chief Risk Officer | Senior Management | 2022 | - |
Hratch Panossian | Senior Executive Vice President; Head - Personal and Business Banking, Canada | Senior Management | 2024 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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