CIBC mulling U.S. settlement

Article Abstract:

Canadian Imperial Bank of Commerce (CIBC) is considering a settlement with U.S. regulators over its alleged role in financing improper mutual fund trades to improve its reputation and deal promptly with the aftermath of its involvement in a series of well-published financial scandals. The U.S. Securities and Exchange Commission has charged an $80 million settlement over the charges that the CIBC 'aided and abetted' the accounting fraud at Enron Corp.

Commercial Banks, Banking industry, Company legal issue, Canadian Imperial Bank of Commerce

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WTC firm bonds to heal wounds

Article Abstract:

Euro Brokers Inc., which lost staff in the 9/11 terrorist attack on the World Trade Center towers in 2001, has opened new offices at One Seaport Plaza. The bond trading company, which had offices at the south tower of WTC, lost an estimated 61 employees.

Executive changes & profiles, Security and Commodity Services, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Officials and employees, Crimes against, Securities industry, World Trade Center and Pentagon Attacks, 2001, Euro Brokers Inc.

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Tanzanian mine furor grows

Article Abstract:

Barrick Gold Corp. is denying allegations by American and Canadian advocacy groups and a leader of Tanzania's New Democratic Party that 52 miners were buried alive in a Tanzanian mine that the company acquired from Sutton Resources Ltd.

Gold Mines, Gold Ore Mining, Gold ores, Tanzania, Mining industry, Gold industry, Gold mining, Accidents, Barrick Gold Corp., Mine accidents, Sutton Resources Ltd.

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