Canadian Imperial Bank of Commerce
Recent events
Recent events tied to this brand in public sources.
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2026
CIBC announces Smart Benefits program
CIBC announced CIBC Smart Benefits, a program through which eligible personal banking clients can choose benefits based on their account tier and relationship with CIBC. Eligible clients are scheduled to begin receiving digital invitations on December 7, 2026.
2026
CIBC appoints Prasanna Gopalakrishnan to its Board of Directors
CIBC announced the appointment of Prasanna Gopalakrishnan to its Board of Directors, effective September 1, 2026. Gopalakrishnan has over 30 years of experience in technology, data, cyber and artificial intelligence across banking, wealth management and global consumer businesses, most recently as Global Chief Product and AI Officer at ADP.
2025
Surrey sues CIBC's Simplii Financial and Coast Capital Savings over $2.5 million fraud loss
The City of Surrey filed a lawsuit in B.C. Supreme Court on Dec. 23 against CIBC's Simplii Financial division and Coast Capital Savings Federal Credit Union, alleging the financial institutions allowed the conversion of cheques altered by a former city finance clerk to defraud the city of more than $2.5 million between 2017 and 2024. The allegations have not been proven in court and the financial institutions have yet to file a statement of defence.
2022
Hydro One links credit-line pricing to sustainability targets
Hydro One completed amendments to its syndicated lines of credit, adding pricing adjustments that can raise or lower its funding costs based on performance against sustainability measures.
2021
CIBC recognized for middle-market and retail banking capabilities
CIBC announced that Coalition Greenwich recognized it for its Middle Market and Retail Banking capabilities.
2021
CIBC unveils a new logo and announces brand rollout
CIBC unveiled a new logo and said it would launch the new brand on Thursday, then roll it out on banking products and locations over the coming year.
2021
DESRI completes financing for Assembly Solar III
DESRI completed financing for construction and operation of the Assembly Solar III project, with financing provided by a syndicate of lenders and PNC Bank providing a tax equity commitment.
2020
CIBC and NOSM launch Indigenous learner awards initiative
The Northern Ontario School of Medicine (NOSM) partnered with CIBC to launch an awards program promoting and recognizing Indigenous learner leadership and mentorship. CIBC provided a $150,000 grant to support the initiative.
2020
CIBC announces planned job cuts
CIBC said it would make job cuts in the coming months as it sought to rein in expenses and improve efficiency. The report attributes the planned cuts to a staff memo.
2020
Receipt Bank raises $73 million in Series C funding
Receipt Bank raised a total of US$73 million in equity and debt in a Series C funding round led by Insight Partners, with Augmentum Fintech and existing investors Kennet Partners and CIBC participating.