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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Skeptical CIBC still did Enron deals

Article Abstract:

Enron Corp. continued to benefit from financial services provided by Canadian Imperial Bank of Commerce after Enron?s accounting system had been criticized by bank executives. CIBC reported forty-eight financial transactions with Enron prior to 2001.

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TD boosts loan-loss provisions

Article Abstract:

Toronto Dominion Bank will raise its loan loss provisions by 60 percent, mainly due to the financial troubles faced by many telecommunications companies.

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