CIBC profit plunges on higher provisions as COVID-19 loan losses loom
Canadian Imperial Bank of Commerce
(CIBC) reported a 70% slump in quarterly profit on
Thursday, as it set aside more money to cover potential
loan-losses from the coronavirus pandemic.
(CIBC) reported a 70% slump in quarterly profit on
Thursday, as it set aside more money to cover potential
loan-losses from the coronavirus pandemic.
Posted by Reuters
