Canada has relatively unimpressive fintech adoption rate, but that won't stop innovation
Wells Fargo is in the hot seat over an alleged massive data breach
Less than three hours after the Bank of Canada announced its 0.25% rate hike, a big bank has raised its prime rate accordingly.
CIBC has entered into a definitive agreement to acquire Geneva Advisors for up to US$200 million. Geneva Advisors is an independent private wealth management firm headquartered in Chicago. On closing, the firm becomes part of CIBC Atlantic Trust Private Wealth Management. Focused on high-net-worth clients, Geneva Advisors has US$8.4 billion in assets under management and […]
Big six vary when it comes to advisors
If your client has an account at a credit union, she might have to get used to some new terminology. That’s because the Office of the Superintendent of Financial Institutions (OSFI) is cracking down on who gets to use the words “bank,” “banker” and “banking.” The crackdown is part of Advisory 2017-01, which OSFI issued […]
RBC Global Asset Management has established the RBC GAM Innovation Lab
CIBC has completed its acquisition of Chicago-based PrivateBancorp, and it will now rebrand its U.S. region.
And other changes are slated for promotions, transfers
CIBC president and CEO Victor Dodig has announced changes to the bank's leadership team