In 1997, Global Crossing raised $ 35 million of capital from the CIBC Argosy Merchant Funds ( later Trimaran Capital Partners ), the heads of which were former associates of Winnick.

Canadian Imperial Bank of Commerce ( CIBC ) realized an estimated gain of $ 2 billion from its relatively small equity investment in Global Crossing, making it one of the most profitable investments by a financial institution in the 1990s.

The aim was mainly for companies like the Canadian Imperial Bank of Commerce ( CIBC ), Royal Bank of Canada ( RBC ), and Scotiabank, which ( along with Barclays of the United Kingdom ), when-combined control a healthy majority of Barbados ' local Commercial Banking sector.

Some of the companies that signed on included Coca-Cola, TSN and CIBC.

After robbing the bank, the robber exited the CIBC, and was preparing to enter a city vehicle driven by undercover police officer Don Milliard.

The exchange is home to all of Canada's Big Five commercial banks — CIBC, Bank of Montreal, Bank of Nova Scotia, Royal Bank of Canada and the Toronto-Dominion Bank — making the exchange the centre for banking in the country.

This was seen as being most evident during the proposed mergers of Royal Bank of Canada and Bank of Montreal alongside CIBC and Toronto-Dominion Bank in 1998, which were seen as stopping competition by the then Finance Minister Paul Martin.

In 2000, after Imperial Tobacco had been taken over by BAT Industries ( formerly British American Tobacco ), Shoppers was sold to a consortium of institutional investors including Kohlberg Kravis Roberts & Co. ( KKR ), Bain Capital, Inc., DLJ Merchant Banking Partners, Charlesbank Capital Partners, Ontario Teachers ' Pension Plan, CIBC Capital Partners, and Shoppers Drug Mart's senior management and pharmacist / owners.

On October 19, 1999, Air Canada, backed by Star Alliance partners Lufthansa Airlines, United Airlines and CIBC announced a $ 930M counter bid to the Onex offer.

CIBC had long indicated its interest in Canada Trust, but ultimately BAT accepted an $ 8 billion offer from the Toronto-Dominion Bank.

The Canadian Imperial Bank of Commerce (, commonly CIBC in either official language ) is one of Canada's chartered banks, fifth largest by deposits.

The bank's two strategic business units, CIBC World Markets and CIBC Retail Markets, also have international operations in the United States, the Caribbean, Asia and the United Kingdom.

Globally, CIBC serves more than eleven million clients, and has over 40, 000 employees.

Following the subprime mortgage crisis, the CIBC received an estimated $ 21 billion in Canadian government bailout money.

CIBC was named the strongest bank in Canada and North America, and the 3rd strongest bank in the world, by Bloomberg Markets magazine, in May 2012.

The newly merged CIBC commissioned a new logo to commemorate its 100th year of operation.

In 1967, both Canada and CIBC celebrated their centenaries.

CIBC was the only chartered bank to have a branch on-site at Expo 67.

Before the decade was out, CIBC had introduced the first 24-hour cash dispenser, which would eventually become the ATM.

CIBC quickly took advantage of this and became the first Canadian bank to operate an investment dealer, CIBC Securities, offering services to the public.

In 1988, CIBC acquired a majority interest in Wood Gundy Inc. who brought its reputation in underwriting and its name.

CIBC is well known for its publicized battles of succession to the top position of President and CEO ( formerly styled Chairman and CEO until 2003 when the positions were separated ).

CIBC is one of 25 financial institutions from around the world and one of only 11 Canadian financial institutions selected.

The case was recently dismissed by Madam Justice Joan Lax of the Ontario Superior Court where she stated the evidence " provides no basis in fact that there is a systemic practice of unpaid overtime at CIBC.

* The Tour CIBC in Montreal, Canada, is completed.

Today, CIBC's investment banking business is known as CIBC World Markets and CIBC Wood Gundy is used as the brand for the bank's retail brokerage business.

CIBC Wood Gundy is the Canadian retail brokerage division of CIBC World Markets, a division of the Canadian Imperial Bank of Commerce.

Because PC Financial is part of the direct banking division of CIBC, its bank number is the same as CIBC ( 010 ).

Amicus is now a division of CIBC Retail Markets and is no longer a separate legal entity.

PC Financial, through CIBC, is a member of the Canadian Bankers Association ( CBA ) and registered member with the Canada Deposit Insurance Corporation ( CDIC ), a federal agency insuring deposits at all of Canada's chartered banks.

CIBC Retail Markets is the retail banking division of the Canadian Imperial Bank of Commerce.

CIBC Retail Markets is currently headed by Sonia A. Baxendale, Senior Executive Vice-President.

This unit is responsible for retail banking operations in Canada and one of the stronger performing units within CIBC.

CIBC Wealth Management is the brokerage division of the Canadian Imperial Bank of Commerce ( CIBC ).

** CIBC Argosy Merchant Funds, now known as Trimaran Capital Partners

* CIBC Mellon Global Securities Services: formed by CIBC and Mellon Bank Corp. ( now Bank of New York Mellon ) of Pittsburgh PA 1996 and Canada Trust's ( now TD Canada Trust ) pension and custody business in 1997

1999 saw a competition between Wood Gundy ( now CIBC World Markets ) chief John S. Hunkin and Personal / Commercial banking head Holger Kluge, with Kluge retiring the firm after Hunkin was selected.

Later became a CIBC bank ( now Bluenotes ) and a Shoppers Drug Mart.

Formerly traded on the Toronto Stock Exchange, the publicly listed company went private in 2004 when it was bought by Dallas-based Hicks Muse Tate & Furst Inc. ( now HM Capital ), TD Capital Canadian Private Equity Partners ( now Birch Hill Equity Partners ) and CIBC World Markets Inc.

McCaughey is now CEO of CIBC.

In February, 2010 CIBC became the first chartered bank in Canada to launch a mobile banking iPhone App.

In October 2010, CIBC announced that it would be the first bank in Canada to introduce the internationally used Visa-branded debit card.

CIBC took home the most individual trophy awards and tied for first place in the total number of awards and certificates combined.

He was paired with hockey player Tessa Bonhomme, and on November 14, 2011, the pair won the $ 100, 000 first prize for the charities of their choice, Ronald McDonald House Southern Alberta ( Pelletier ) and Canadian Breast Cancer Foundation ‘ CIBC Run for the Cure ’ – Sudbury Run Site ( Bonhomme ).

Completed in 1962 only a few months before Place Ville-Marie, CIBC Tower was the tallest building in Canada and the entire Commonwealth of Nations when it was first built, until being surpassed later that year by Place Ville-Marie where a penthouse was added by the competing Royal Bank for that express purpose.