CIBC raises prime lending rate
June 01 2022 - 02:54PM
PR Newswire (Canada)
TORONTO, June 1, 2022
/CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that it is
raising its Canadian prime lending rate by 50 basis points from 3.2
per cent to 3.7 per cent, effective Thursday, June 2, 2022.
About CIBC
CIBC is a leading Canadian-based global financial institution
with 11 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, 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 2022 Canada NewsWire
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