CIBC repairs battered image: Departure marks end of high-wire act in US

Article Abstract:

The sudden departure of David Kassie from Canadian Imperial Bank of Commerce (CIBC) marks the end of high-wire zone of US investment banking. Efforts are made to transform the bank into a deal oriented financial player with the appointment of a task force headed by its chief counsel Michael Capatides to review virtually all of the banks procedures to ensure that the bank is engaged in ethical business transactions.

Commercial Banks, Banking industry, Canadian Imperial Bank of Commerce, Kassie, David

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Fairfax CEO plans big share purchase

Article Abstract:

Fairfax Financial Holdings Ltd., whch is led by Prem Watsa, has enoyed a sharp rise in its share price following a favorable analyst's report. Mr. Watsa, who is planning to buy up to 250,000 shares of Fairfax Financial at a costs of $51 million, belives the firm's share price is undervalued

Financial management, Finance, Holding companies, Company financing, Fairfax Financial Holdings Ltd., Watsa, Prem

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Canaccord's Brown won't go quietly into the night

Article Abstract:

The details on Peter Brown, who relinquishes his duties as chief executive officer for chairman of Canaccord Capital Inc., are presented.

Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Financial services industry, Canaccord Capital Corp., Brown, Peter

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