Richard Nesbitt News
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Canadian Imperial Bank of Commerce, the nation’s fifth-largest lender, paid Chief Executive Officer Gerald McCaughey C$9.24 million ($9.04 million) in compensation last year, down 7.6 percent from 2011.
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Canadian Imperial Bank of Commerce, the country’s fifth-biggest bank, aims to revive profit from Caribbean banking after being “hit hard” from recessions in the U.S. and U.K., said executive Richard Nesbitt, who oversees the business.
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Canadian Imperial Bank of Commerce ’s management changes underscore a focus on consumer lending to boost revenue, said Richard Nesbitt , the head of investment banking.
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Canadian Imperial Bank of Commerce is unlikely to make a U.S. bank acquisition because potential deals wouldn’t generate enough profit, Senior Executive Vice President Richard Nesbitt said.
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Canadian Imperial Bank of Commerce senior executives Sonia Baxendale and Richard Nesbitt will be adding new responsibilities as Ron Lalonde retires as head of technology and operations.
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Royal Bank of Canada and National Bank of Canada led the 7.5 percent surge in bonus awards among the country’s lenders this year, bucking a global trend of pay cuts on Wall Street and in London.
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Compare a standard company org chart with a network analysis of the day-to-day relationships and interactions in the same company....
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Toronto-Dominion Bank and other Canadian lenders are apprehensive about the proposed sale of TMX Group Inc. to London Stock Exchange Group Plc because the country will cede regulatory control of its main stock exchange.
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Three years after being passed over to head Canada’s largest stock exchange, Luc Bertrand is back, leading a group of banks and pension funds trying to keep TMX Group Inc. in Canadian hands and thwart a bid from the London bourse.
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Canadian banks, usually united on most policy issues, are divided on whether to support the proposed sale of the country’s main stock exchange to London Stock Exchange Group Plc.
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