Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce
	Headquarters at CIBC Square
Company type	Public
Traded as	TSX: CM; NYSE: CM; S&P/TSX 60 component;
Industry	Financial services; Banking;
Predecessors	Canadian Bank of Commerce; Imperial Bank of Canada;
Founded	June 1, 1961
Headquarters	Toronto, Ontario, Canada
Key people	Victor G. Dodig (President and CEO); Katharine Stevenson (Chair of the Board);
Brands	CIBC Bank USA; Simplii Financial
Revenue	Can$23.3 billion (2023)
Net income	Can$5.0 billion (2023)
AUM	Can$300.2 billion (2023)
Total assets	Can$975.7 billion (2023)
Total equity	Can$53.2 billion (2023)
Number of employees	48,000 (FTE, 2023)
Subsidiaries	CIBC Bank USA; CIBC Investments (Cayman) Limited; CIBC Cayman Holdings Limited; CIBC Trust Corporation; CIBC World Markets plc; CIBC Asset Management Inc.;
Website	cibc.com

The Canadian Imperial Bank of Commerce (CIBC; French: Banque canadienne impériale de commerce) is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario. The Canadian Imperial Bank of Commerce was formed through the 1961 merger of the Canadian Bank of Commerce (founded in 1867) and the Imperial Bank of Canada (founded in 1873), in the largest merger between chartered banks in Canadian history. It is one of two "Big Five" banks founded in Toronto, the other being the Toronto-Dominion Bank.

The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom. Globally, CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at number 172 on the Forbes Global 2000 listing.

CIBC's Institution Number (or bank number) is 010, and its SWIFT code is CIBCCATT.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.