CIBC profit drops less than expected as it eyes bigger deals
By Cameron French From 4-traders Quarterly profit at Canadian Imperial Bank of Commerce fell by nearly two-thirds due to a charge taken by its Caribbean unit, the bank said on Thursday, but the result topped analysts’ estimates and CIBC’s chief…
How the Caribbean is not so sunny anymore for Canadian banks
By John Greenwood From Financial Post TORONTO • Canada’s big banks have a strong presence and a track record of profits in the Caribbean, but during the past few years the region’s economy has taken a nose dive — and…
Corporate tax avoidance ‘scheme’ hurting Canada, expert says
By Talin Vartanian, From CBC News Country’s corporate tax rate sits at about 25 per cent As Canadians dutifully file personal income tax returns during the coming weeks, consider this: many profitable companies pay little or no tax. In an…
CIBC FirstCaribbean appoints a Chief Credit Officer
Bridgetown, Barbados, 25th February 2014 – CIBC FirstCaribbean has announced the appointment of Ms. Monique French as its new Chief Credit Officer, reporting to the Bank’s Chief Risk Officer. Ms. French, who until recently served as Senior Vice President of…
Expanded portfolio for CIBC’s St Hill
From Guardian Media CIBC FirstCaribbean International bank has expanded its wealth management services following the resignation of Mark Young, managing director of Wealth Management, effective February 2014. In a newspaper advertisement the bank said: “The board of CIBC FirstCaribbean has…
CIBC FirstCaribbean assists with clean up efforts in countries affected by Christmas Eve weather system
Bridgetown, Barbados, 9th January 2014 People in three Caribbean islands affected by the Christmas Eve weather system that caused significant flood and landslide damage will receive some additional welcome assistance from CIBC FirstCaribbean. The bank has donated $200,000 EC for…
