Tag Archives: CIBC

Scotiabank set to sell Bay Street tower; landmark could fetch $1-billion

Posted on January 19, 2012 by Administrator

[written by Boyd Erman, courtesy of globeandmail.com] The country’s second-tallest skyscraper is poised to go on the auction block, and Canada’s commercial property market is so hot that the Toronto tower may fetch a $1-billion price, shattering the previous record … Continue reading →

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Scotiabank, CIBC Top Bonus Increases After Record Bank Profits

Posted on December 8, 2011 by Administrator

[written by Doug Alexander and Sean B. Pasternak, courtesy of bloomberg.com] Bank of Nova Scotia and Canadian Imperial Bank of Commerce had the highest jump in incentive pay this year among Canada’s six-biggest banks as record profits for the group led to a … Continue reading →

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Bay Street sees holiday cheer in bonuses

Posted on December 5, 2011 by Administrator

[written by Boyd Erman, courtesy of globeandmail.com] Bonus season is going to be brighter on Bay Street than Wall Street. In New York, a recent report said bonuses for investment bankers and traders at securities firms will likely be down … Continue reading →

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RBC profit climbs 43 per cent

Posted on December 2, 2011 by Administrator

[written by Grant Robertson - banking reporter, courtesy of globeandmail.com] Profit rose 43 per cent at Royal Bank of Canada (RY-T 48.771.743.70%) in the fourth quarter, as a strong performance at its Canadian operations helped offset a tough quarter in capital markets. Canada’s largest … Continue reading →

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