CIBC World Markets a veritable money-making machine

Article Abstract:

Canadian Imperial Bank of Commerce ended the year with a huge profit which was almost double that of the previous year. Its strategy for growth started with the acquisition of Oppenheimer and Co., as U.S. brokerage house.

Market share, Banking industry, Management, Reports, Investments, Bank investments, Canadian Imperial Bank of Commerce

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Merrill research head to depart

Article Abstract:

Steve Garmaise, the research head of Merrill Lynch Canada, is leaving his post. Garmaise's departure is part of the company's corporate downsizing throughout the world.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Merrill Lynch Canada Inc., Garmaise, Steve

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Private-equity firm Carlyle plans to start hedge fund

Article Abstract:

Proposal of Carlyle Group, a private equity firm to start a hedge fund to trade stocks and bonds is discussed.

Strategy & planning, Services introduction, New Products/Services, Planning, Company service introduction, Service introduction, Hedge funds, Carlyle Group L.P., Company business planning

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