Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce’s nearly 1,100 branches offer a range of consumer and business services, including deposit accounts, loans, brokerage, mutual funds, and trust services. It operates in three segments: CIBC Retail Markets (credit cards, consumer and small business banking); CIBC World Markets (corporate banking, securities, foreign exchange trading); and CIBC Wealth Management. Subsidiary Amicus Bank provides electronic banking in Canadian grocery stores under the name of President’s Choice Financial.

Canadian Imperial Bank of Commerce
Commerce Court
Toronto, Ontario M5L 1A2, Canada

CIBC Shares Drop After $2.4bn Enron Settlement

The Canadian bank last night agreed to pay $2.4 billion to settle allegations that it was involved in the Enron fraud. The sum, the largest settlement in the case so far, boosts the total sum to be returned to former shareholders of the collapsed energy giant to a record $7 billion