CIBC

Article content Canadian Imperial Bank of Commerce has agreed to settle a class-action lawsuit alleging systemic unpaid overtime of retail branch employees. Article content The Toronto-based bank will pay a total of $153 million to…

TORONTO - CIBC has agreed to pay $ 125 million to settle a class action lawsuit accusing the bank of misrepresenting its exposure to U.S. mortgage loans prior to the financial crisis. The major Canadian bank has rejected the allegations…