CIBC agrees to settle over Enron allegation

Article Abstract:

Canadian Imperial Bank of Commerce has agreed to pay $80 million and adopt 'sweeping reforms' as part of a series of settlements with the US and Canadian regulators over allegations the bank aided and abetted the massive accounting fraud at Enron Corporation. The SEC is one of the four regulators to strike settlements with CIBC over the bank's financial dealings with the disgraced energy trader.

Contracts & orders received, Ontario, Natural gas transmission, Contracts & orders let, Finance, Remedies, Contracts, Contract agreement, Gas transmission industry, Enron Corp., Company financing, ENRNQ

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CIBC clears deck at retail unit

Article Abstract:

Canadian Imperial Bank of Commerce have removed a high-level management dismissing several staffs as a part of a make over of its retail banking division.

Canada, Personnel administration, Downsizing

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Zell takes a gamble on Tribune

Article Abstract:

The purchase of the majority share in Tribune Co. by Samuel Zell is described. Samuel Zell's plans to keep the company's assets intact are discussed.

Acquisitions & mergers, Newspapers, United States, Mergers, acquisitions and divestments, Company acquisition/merger, Company investment, Investments, Newspaper publishing, TRB, Zell, Samuel, Tribune Co. (Chicago, Illinois)

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