CANADIAN IMPERIAL BANK OF COMMERCE


Meaning of CANADIAN IMPERIAL BANK OF COMMERCE in English

major commercial banking company operating in Canada and other countries. Headquarters are in Toronto. The bank was established in 1858 as the Bank of Canada and reorganized in 1867 as the Canadian Bank of Commerce. The present name was assumed upon the merger in 1961 of the Canadian Bank of Commerce and the Imperial Bank of Canada (established in 1875). Over the years the bank has absorbed a number of smaller banks. The bank and its affiliates provide general banking services, energy financing, and advising and trust services.

Britannica English vocabulary.      Английский словарь Британика.