TD, CIBC disclose telecom loans

Article Abstract:

Toronto, Ont.-based Canadian Imperial Bank of Commerce and Toronto, Ont.-based Toronto-Dominion Bank will disclose their loans record in the cable television and telecommunications sector. The banks have responded to investors' worries over over-exposure in the volatile telecom market.

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Bank profits continue to soar

Article Abstract:

The leading six banks in Canada have reported strong earnings, with combined profits of $2.9 billion for the second quarter ended April 30, 2000. The banks also reported combined profits of $9.1 billion for the fiscal year 1999 compared with $7.1 billion in 1998.

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CIBC mulls IPO for Amicus

Article Abstract:

John Hunkin, the chairman of Toronto, Canada-based Canadian Imperial Bank of Commerce, announced the bank will launch an initial public offering for its e-commerce unit. CIBC will spin off the unit through the IPO.

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