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CIBC to take restructuring charge of up to $200-million in fourth quarter

2015-10-07 16:21:51| Grocery - Topix.net

Canadian Imperial Bank of Commerce says it is targeting cost savings of $600-million by 2019 and will take a restructuring charge of up to $200-million in the fourth quarter. Chief financial officer, Kevin Glass, said Wednesday in Toronto at the bank's first investor day meeting in five years, that the bank is also targeting growth of 5 per cent to 10 per cent a year.

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