However, compared to the mess over at the Canadian Imperial Bank of Commerce, they look respectable.
With the Bank of Commerce, however, the minister preferred to talk before taking action.
Canadian Imperial Bank of Commerce moved to No. 170 from No. 529, thanks to a turnaround in its profitability.
Until a couple of years ago traders at Canadian Imperial Bank of Commerce didn't even talk risk in the same terms.
The IRS wants Wells to hand over data on U.S. taxpayers with accounts at Canadian Imperial Bank of Commerce FirstCaribbean International Bank (FCIB).
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In another recent case employees of Canadian Imperial Bank of Commerce accuse the bank of using a buyout fund to rip them off.
Not wanting to be left behind, Canada's second-and fifth-largest banks, Canadian Imperial Bank of Commerce and Toronto-Dominion, then announced their own plans to merge.
Still, it would not be a bad thing if the Bank of Commerce collapse led regulators to undertake a stricter watch on the entire industry.
However, compared to the mess over at the Canadian Imperial Bank of Commerce (nyse: CM - news - people ), they look respectable.
It bought a small Thai bank in 2009 and is negotiating with Manila-based San Miguel Corp. to buy a stake in its Bank of Commerce.
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The report also cited the strong quarterly dividend history at Canadian Imperial Bank of Commerce, and favorable long-term multi-year growth rates in key fundamental data points.
Canadian Imperial Bank of Commerce(CM) is yielding 4.28% and trading at 15 times earnings while Royal Bank of Canada is paying a 3.28% yield and selling at 15 times earnings.
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But even before the Bank of Commerce debacle, he was tarnished by allegations over the past year that he got a sweetheart deal to buy shares in Mutual Fund Co. in 1991.
In its first major case, filed in 1994, the fledgling Securities and Exchange Commission (SEC) accused investor Song Watcharasriroj -- better known as Sia Song -- of manipulating the Bank of Commerce stock price.
The Bank of Commerce had lent huge amounts backed by inadequate or no collateral, according to a report by the Bank of Thailand, the central bank, which was leaked to opposition legislators in early May.
The trusts are run from Chicago, yet have a legal presence in the Bahamas, where they have a Bahamian trustee--the Canadian Imperial Bank of Commerce Trust Co. (Bahamas)--but engage the Chicago-based International Financial Advisors (IFA) for accounting, administrative work and financial advice.
The banks involved are Wachovia, Bank of America, PNC Bank of Pittsburgh and Commerce Bank of Cherry Hill, New Jersey.
Kochan is an investigative journalist who has written several books about financial scandals such as the collapse of Bank of Credit and Commerce International, one of the biggest bank frauds in history, and The Guinness Affair, an illegal share-fixing operation.
Some claims related to the collapse of the Bank of Credit and Commerce International in 1991 remain unresolved.
The prosecution had alleged Noriega laundered the 2.3m euros from Colombia's Medellin drug cartel in the late 1980s through the now-defunct Bank of Credit and Commerce International.
Those who doubted could survey the ORU campus at 7777 South Lewis, and see what God had wrought through the man who was now a director of the Tulsa Chamber of Commerce and the Bank of Oklahoma.
Its high-touch service model, though impressive, is not impossible to replicate (British bank customers will get something similar with the opening next month of Metro Bank, one of whose founders was the force behind Commerce Bank).
Uninspired by a couple of years at Texas Commerce Bank, in 1982 he joined the forerunner to Frontier as vice president of finance.
The opening night cocktail on Sunday included a long and lovely conversation with Lem Daniels of Deutsche Bank and Treasurer of the Greater Los Angeles African American Chamber of Commerce.
They are weakly regulated and thus are able to handle huge financial sums for parties who want to remain anonymous, moving money in and out of secret foreign-bank accounts and then on and off the books of legitimate companies in open commerce.
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He will roll out respected moderate Republicans and even the Chamber of Commerce to vouch for his bank.
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The British Chambers of Commerce, and the Standard Chartered Bank have also said that unemployment could reach about 3 million before the recession ends.
Meanwhile, the British Chambers of Commerce (BCC) called for the Bank to resist calls to raise rates.
Mr Kendall, Brecon and Radnorshire AM Kirsty Williams, county councillor Garry Banks and chamber of commerce chair Rosamund Black met officials from the bank recently.
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