Canadian Imperial Bank of Commerce is one among the six largest banks in Canada. They also operate in United States, Caribbean, Asia and United Kingdom. CIBC was the first Canadian bank to introduce bank machines, with the Automated Cash Dispenser. http://www.experiencefestival.com/a/Canadian_Imperial_Bank_of_Commerce_-_History/id/4894651 http://www.economicexpert.com/a/CIBC.htm
President's Choice financial services offer services through a joint venture between CIBC direct banking and the Loblaw companies. http://www.pcfinancial.ca/ http://www.banking.pcfinancial.ca/a/aboutus/wereHiring.page http://en.wikipedia.org/wiki/President's_Choice_Financial The main competitors of the CIBC in Canada are Royal Bank, Scotiabank and the Bank of Montreal. CIBC world markets, CIBC retail markets, CIBC Imperial services and CIBC Wood Gundy are the main subsidiaries of CIBC. http://www.economicexpert.com/a/CIBC.htm http://www.cibcwm.com/wm/ http://en.wikipedia.org/wiki/Canadian_Imperial_Bank_of_Commerce CIBC Wood Gundy provides full service brokerage and investment advises to its investors. It started in 1988. The firm serves its customers thorugh 1400 investor advisors.. http://www.cbr.ca/CompanyListing.aspx?CompanyId=21472 http://www.economicexpert.com/a/CIBC.htm
The bank was chosen as the Best consumer Internet bank of Canada by the Global Finance magazine for 2009. This is the second time CIBC getting this honor. The criteria for selection were based on the website design and functionality, strategy for attracting and retaining clients, and extents of the CIBC online banking offerings. http://www.gfmag.com/tools/best-banks/2333-best-internet-banks-in-north-america-2009.html http://www.cibc.com/ca/features/global-finance-award.html?WT.mc_id=GFA09-E10. CIBC employees rose more than 3.5 million for the CIBC Miracle day, December 2, 2009. Other main charities supported by CIBC are Canadian Breast Cancer Foundation CIBC Run for the Cure, the CIBC Children's Foundation and United Way http://www.newswire.ca/en/releases/archive/December2009/18/c4268.html http://www.cibc.com/ca/inside-cibc/in-your-community.html
Background
William McMaster, a Canadian businessman and philanthropist was the main founder and the first president of the bank. He founded Canadian Bank of commerce as a competition for the Bank of Montreal. McMaster was the founder of the McMaster University also. http://fhs.mcmaster.ca/main/news/news_2009/cibc_undergraduate_bursaries_in_nursing.html
The Imperial Bank of Canada was opened in 1875.The two banks merged together in 1961 and Canadian Imperial Bank of Commerce was born. http://www.economicexpert.com/a/CIBC.htm
Key Dates
June 1, 1961 the CIBC was formed through the merger of The Canadian Bank of Commerce and the Imperial Bank of Canada
First Wednesday of December is celebrated as CIBC Miracle day
Competitors
Products/Services
Personal banking
Business Banking
Wealth Management
Investment banking
Merchant banking
