UPDATE 5-Canada's Big Six banks cut credit card interest rates to ease coronavirus impact [Reuters]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Reuters
UPDATE 4-Five Canadian banks cut credit card interest rates to ease coronavirus impact (Adds details of Scotiabank rate reduction) TORONTO, April 4 (Reuters) - Bank of Nova Scotia, Toronto-Dominion Bank, Royal Bank of Canada, National Bank of Canada and Canadian Imperial Bank of Commerce said on Friday they are cutting interest rates on credit cards to provide relief to customers affected by COVID-19 pandemic. Late on Friday, Scotiabank said it would reduce credit card interest rates to 10.99% for personal and small business clients who have been approved for, or seek, payment deferrals. Earlier, in separate statements, TD Bank said it will cut credit card interest rates by 50% for customers experiencing hardship, and Royal Bank said it will reduce the charges by the same extent for clients receiving minimum payment deferrals. National Bank will allow credit card customers to defer minimum payments for up to 90 days and reduce annual interest rates to 10.9% for these clients, it said.
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CM
News
- Canada GDP Likely Grew 2.5% in First Quarter, Below Forecast [Financial Post (Toronto, Ontario, Canada)]Financial Post
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- CIBC announces an amendment to its CARDS II securitization program [Yahoo! Finance]Yahoo! Finance
- CIBC announces an amendment to its CARDS II securitization programPR Newswire
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CM
Earnings
- 2/29/24 - Beat
CM
Sec Filings
- 5/6/24 - Form 424B2
- 5/6/24 - Form 424B2
- 5/6/24 - Form 424B2
- CM's page on the SEC website