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CIBC boosts Amicus outlook

Article Abstract:

Toronto, Ont.-based Canadian Imperial Bank of Commerce has announced that its Amicus Financial unit in the U.S. is expected to become profitable by 2003. Canadian Imperial Bank, which is led by chairman John Hunkin, has reported numerous problems in its strategy of expanding into the U.S.

Author: Partridge, John

Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001

United States, Sales, profits & dividends, Finance, Amicus Financial

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CIBC wins approval to sell third-party funds

Article Abstract:

Canadian Imperial Bank of Commerce receives approval from regulatory agencies to sell mutual funds from other companies.

Author: Howlett, Karen

Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000

Government regulation (cont), Investment Offices, Mutual Fund Mgmt Companies, Portfolio Management, Laws, regulations and rules, Mutual funds, Mutual fund industry

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Subjects list: Banking industry, Commercial banks, Canada, Canadian Imperial Bank of Commerce

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