- PR Newswire•16 hours ago
TORONTO, Oct. 27, 2016 /CNW/ - In a move that changes the traditional process for applying for a loan, CIBC (CM) (CM) announced today it is partnering with Borrowell to offer "one-click" online lending for clients. A first in Canada, the new partnership allows CIBC to leverage the fintech's unique technology and underwriting approach to adjudicate loans for existing clients online in real time, with funds typically issued the next business day directly into a client's CIBC account. "CIBC's partnership with Borrowell to deliver a digital borrowing experience to clients is a first from a major Canadian bank," says David Williamson, Group Head of Retail and Business Banking, CIBC.
- PR Newswire•3 days ago
"Since launching Global Money Transfer a year ago, we have seen a significant increase in the number of clients using the service to send money globally. With so much cross border payment activity between our two countries, we're confident that the US service will be embraced by our clients," says Vineet Malhotra, Head, Alternate Solutions Group, CIBC Capital Markets. "We know Canadians are using alternative providers to send money south of the border in order to avoid the delays associated with traditional remittance processes.
Canadian Imperial Bank of Commerce (CM.TO)
Toronto - Toronto Delayed Price. Currency in CAD
|Day's Range||100.60 - 101.29|
|52wk Range||82.19 - 104.97|
|1y Target Est||N/A|
|P/E Ratio (ttm)||9.79|
|Avg Vol (3m)||1,054,423|
|Dividend & Yield||4.84 (4.81%)|