Canadian Imperial Bank Of Commerce (French: Banque Canadienne Impériale De Commerce, TSX: CM, NYSE: CM), Referred To As CIBC, Is The Fifth Largest Commercial Bank In Canada.
History
The Bank Was Formed In 1961 By The Merger Of Canadian Commercial Bank And Canadian Imperial Bank. Before That, The Two Of Them Were The Largest Banks In Canada.
March 31, 2017 - Canadian Imperial Bank Of Commerce Acquired PrivateBancorp (code Name PVTB) For US $4.90 Billion, Canadian $6.60 Billion (HK $38.57 Billion)
Operations
CIBC Currently Operates In The United States, The Caribbean, Asia Pacific And The United Kingdom. More Than 41,941 Employees Worldwide. The Bank Provides Daily Banking, Lending And Credit, Investment, Financial Advice, Insurance And A Range Of Financial Services.
