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CIBC said to cut 500 jobs to boost operating efficiency

2015-01-30 04:55:06| Grocery - Topix.net

Canadian Imperial Bank of Commerce, the nation's fifth-biggest lender, is cutting about 500 jobs companywide even as it plans to add positions throughout the year, according to a person briefed on the matter. “These reductions reflect an overall alignment of our resources that allows us to better serve our clients and ensure that we are operating efficiently,” the Toronto-based bank said Thursday in an e-mailed statement that didn't elaborate on which jobs and how many are affected.

Tags: jobs operating cut efficiency

 

CIBC Lights up its Head Office to Honour Jean B liveau

2014-12-07 00:52:55| Grocery - Topix.net

The building lights at CIBC's headquarters at 1155 Boulevard Rene-Levesque illuminate the famous numero quatre worn by the legendary Canadiens' captain. "Mr. Beliveau was one of the game's all-time great players but he was also a great man who touched the lives of so many across the province and , a CIBC Wood Gundy Investment Advisor, suggested we display his iconic number four on our office tower.

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CIBC Poll: Staying on budget a priority for majority of holiday shoppers this year

2014-12-06 09:09:25| Grocery - Topix.net

Millennials most likely to overspend to get the right gift but like most Canadians, plan to spend the same or less than they did last year /CNW/ - A new CIBC poll finds that 79 per cent of Canadians are committed to staying within budget this holiday season and will resist the temptation to overspend trying to find the perfect gift for everyone on their list. Canadians 18-34 were the most likely to admit they would go over budget on holiday spending if it meant getting the perfect gift for everyone on their list.

Tags: this year holiday budget

 

CIBC quarterly profit slips 2% on capital markets; raises payout

2014-12-04 13:27:24| Grocery - Topix.net

Canadian Imperial Bank of Commerce's profit slipped in the fourth quarter, largely because of weaker capital markets earnings, but earnings were in line with analyst expectations. The bank reported net income of $811-million, down 1.7 per cent from the year prior.

Tags: capital profit markets quarterly

 

Kinross Gold downgraded to Sector Performer from Outperformer at CIBC

2014-11-15 10:32:18| Paper - Topix.net

On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Antero Resources upgraded to Overweight from Equalweight at Capital One... CA Technologies upgraded at Evercore ISI... CGG SA upgraded to Hold from Sell at Canaccord... Cavium upgraded to Strong Buy from Outperform at Raymond James... Charter upgraded to Outperform from Market Perform at Raymond James... Chesapeake upgraded to Overweight from Equal Weight at Johnson Rice... Container Store upgraded at BofA/Merrill... Delhaize upgraded to Neutral from Underperform at BofA/Merrill... Devon Energy upgraded to Accumulate from Hold at Tudor Pickering... Dynegy upgraded to Accumulate from Hold at Tudor Pickering... EOG Resources upgraded to Buy from Accumulate at Tudor Pickering... Envestnet upgraded at Raymond James... GNC Holdings upgraded to Buy from Neutral at Goldman... Hospira upgraded at Raymond James... Kinross ... (more)

Tags: gold sector performer kinross

 

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