CIBC lowers prime lending rate
June 05 2024 - 2:00PM
PR Newswire (Canada)
TORONTO, June 5, 2024
/CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that it is
lowering its Canadian prime lending rate by 25 basis points from
7.20 per cent to 6.95 per cent, effective Thursday, June 6, 2024.
About CIBC
CIBC is a leading North American financial institution with 14
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets businesses, CIBC offers
a full range of advice, solutions and services through its leading
digital banking network and locations across Canada, with offices in the United States and around the world.
Ongoing news releases and more information about CIBC can be found
at www.cibc.com/en/about-cibc/media-centre.html
SOURCE CIBC
Copyright 2024 Canada NewsWire
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