CIBC to sell Caribbean arm for $1.6 billion

The bank said it has agreed to sell its 91.7% interest in CIBC Caribbean to Bank of N.T. Butterfield & Son for $1 billion of ...

CIBC selling Caribbean division for US$1.6 billion as it refocuses efforts on North American market

Canadian Imperial Bank of Commerce is selling its Caribbean division for US$1.6-billion in a move that will allow it to ...

Butterfield Announces Agreement to Acquire Control of CIBC Caribbean in $1.8 Billion Transaction

The Bank of N.T. Butterfield & Son Limited ("Butterfield") (NYSE: NTB | BSX: NTB.BH) has entered into a definitive agreement to acquire CIBC’s 91.7% interest in CIBC Caribbean Bank Limited ("CIBC ...
The Royal Gazette

Butterfield agrees to acquire CIBC Caribbean in $1.8bn deal

Butterfield Bank has agreed to acquire CIBC Caribbean Bank in a $1.8 billion deal. CIBC Caribbean, which operates in ten ...

Butterfield to take control of CIBC Caribbean in ~$1.8B transaction

The Bank of N.T. Butterfield & Son has agreed to acquire CIBC’s 91.7% interest in CIBC Caribbean Bank to create a banking and wealth management platform, with ~$29B in assets. U ...
The Canadian Press on MSN

CIBC signs deal to sell CIBC Caribbean for US$1.6B, reports Q2 profit up

TORONTO — CIBC announced a deal to sell its 91.67 per cent interest in CIBC Caribbean to the Bank of N.T. Butterfield & Son ...

CIBC Q2 earnings top consensus on robust capital markets, wealth management performance

Q2 2026 earnings beat estimates on stronger net interest income despite higher credit-loss provisions; plus Caribbean bank ...

CIBC tops profit estimates, strikes deal to sell Caribbean division

Canadian Imperial Bank of Commerce CM-T reported a 23-per-cent increase in fiscal second-quarter profit that beat analysts’ estimates, announced a deal to sell its Caribbean division for ...

CIBC announces deal to sell Caribbean business for US$1.6 billion as it beats profit forecasts

Canadian Imperial Bank of Commerce beat estimates, fuelled in part by volatile markets that led to higher trading revenue, ...
Bernews

Butterfield To Acquire CIBC Caribbean Bank

The Bank of Butterfield has entered into a definitive agreement to acquire 91.7% interest in CIBC Caribbean Bank Limited. A ...
Morningstar

CIBC to Sell Caribbean Arm for $1.6 Billion, Buy Back Shares — Update

Canadian Imperial Bank of Commerce is selling its Caribbean banking arm for roughly $1.6 billion as it looks to shift capital toward growth efforts in North America. The bank, one of Canada's largest ...

Butterfield to acquire control of CIBC Caribbean in $1.8 billion transaction

The Bank of NT Butterfield & Son Limited has signed a definitive agreement to acquire CIBC’s 91.7 per cent stake in CIBC ...