JPMorgan resumed its stock repurchase activity at some point in the second quarter, but the bank really put things in high gear in the third quarter of the year.
In 2008, prior to the credit crisis that kicked into high gear after the fall of Lehman Brothers in mid-September, the Central Bank responded to small business and individual demand to send capital abroad.
Michael Woeller, the chief information officer of CIBC, a Canadian bank, just concluded a multimillion--dollar upgrade of 20, 000 PCs plus servers and networking gear at 1, 200 branch offices.