Canadian Imperial Bank of Commerce News

CIBC Ordered to Pay $848M in Damages to Cerberus; Plans Appeal

Canadian Imperial Bank of Commerce CM.TO plans to appeal a New York judge’s order that it pay about $848 million in damages to private equity firm Cerberus Capital Management, in a contract dispute tied to the 2008 global financial crisis. …

Canada’s Five Biggest Banks to Require Their Employees to Be Fully Vaccinated

TORONTO – Canada’s five biggest banks are mandating that employees working from their offices must be fully vaccinated against COVID-19 this fall, taking a firmer stance than some of their U.S. counterparts and some other Canadian companies. Royal Bank of …

2 Banks Report First Cyber Attack Against Canadian Financial Institutions

Bank of Montreal and Canadian Imperial Bank of Commerce said on Monday that cyber attackers may have stolen the data of nearly 90,000 customers in what appeared to be the first significant assault on financial institutions in the country. Bank …