A History of Canadian Imperial Bank of Commerce

A History of Canadian Imperial Bank of Commerce
Author: Rod McQueen
Publisher: Canadian Imperial Bank of Commerce
Total Pages: 320
Release: 2021-09-15
Genre: Business & Economics
ISBN: 9781770415829

How does a venerable institution adapt quickly to sometimes volatile global markets and shifting domestic demands of the late twentieth century? In A History of Canadian Imperial Bank of Commerce, Volume 5 1973-1999, the story of CIBC unfolds amidst a backdrop of world-changing events, economic booms and busts, and memorable moments in Canadian history. This era of the bank saw challenges such as the OPEC crisis and recession-driven collapses of iconic companies like Massey-Ferguson, Dome Petroleum, and Olympia & York. CIBC weathered such storms, while also pursuing opportunities in international banking and corporate acquisitions, and embracing technology and education. The lessons of the past shine through in this long-view of how to remain competitive and continue to evolve to meet the needs of millions of clients. All the while, the bank's commitment to its communities is clearly evident in the passionate and generous spirit of CIBC's team members, and its corporate support as one of the leading donors in the nation. At the heart of all the historical highs and lows are the people of CIBC, here profiled from the executives responsible for the bottom line to those working on the front lines, serving bank clients day in and day out. A History of Canadian Imperial Bank of Commerce brings to life the strategic changes that have propelled CIBC forward as it creates enduring value for its stakeholders.

Fragile by Design

Fragile by Design
Author: Charles W. Calomiris
Publisher: Princeton University Press
Total Pages: 584
Release: 2015-08-04
Genre: Business & Economics
ISBN: 0691168350

Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.

Whom Fortune Favours

Whom Fortune Favours
Author: Laurence B. Mussio
Publisher: McGill-Queen's Press - MQUP
Total Pages:
Release: 2020-04-16
Genre: Business & Economics
ISBN: 0228000696

The Bank of Montreal is not only Canada's first bank: it has also occupied a prominent place in the pantheon of Canadian nation building. Whom Fortune Favours examines the trajectory of this extraordinary organization across the span of two centuries. The historian Laurence Mussio applies an analytical lens to a financial institution whose strategies fundamentally shaped, and were shaped by, the evolution of a country and a continent. The Bank of Montreal (BMO) represents an extremely rare institution, one that has both endured and adapted to fundamental change. The depth and breadth of the Bank's history offer a unique opportunity to analyze a singular organization over ten generations. As an institution, BMO played a critical part in the destiny of its home city and in the emergence of Canada on an international scene. Crucial to the development of Canadian and North American financial systems, BMO shaped the political economy of banking. Over the last half century, the institution's response to successive economic, technological, demographic, and regulatory shifts illustrates how Canadian and North American finance has adapted to the challenges before it. At its heart, Whom Fortune Favours presents a multifaceted story about the making of contemporary finance. This epic chronicle is the result of a massive research effort incorporating thousands of never-before-released internal documents. Mussio's accessible narrative will appeal to both scholars and executives who seek to understand the origins, development, and present-day implications of one of North America's great institutions.

Approaches to Canadian Economic History

Approaches to Canadian Economic History
Author: William Thomas Easterbrook
Publisher: McGill-Queen's Press - MQUP
Total Pages: 314
Release: 1988
Genre: Business & Economics
ISBN: 9780886290214

Focusing mainly on the staple theory, this collection of essays clearly shows the impact the great staple trades from cod and fur to newsprint and oil had upon Canadian history. Other significant frames of reference-the role of government, the development of commercial agriculture, the climate of enterprise and capital formation-are also represented.

From Wall Street to Bay Street

From Wall Street to Bay Street
Author: Christopher Kobrak
Publisher: University of Toronto Press
Total Pages: 414
Release: 2018-01-01
Genre: Business & Economics
ISBN: 1442616253

From Wall Street to Bay Street is the first book for a lay audience to tackle the similarities and differences between the financial systems of Canada and the United States. Christopher Kobrak and Joe Martin reveal the different paths each system has taken since the early nineteenth-century.

The Suppressed History of American Banking

The Suppressed History of American Banking
Author: Xaviant Haze
Publisher: Simon and Schuster
Total Pages: 302
Release: 2016-09-15
Genre: Body, Mind & Spirit
ISBN: 1591432340

Reveals how the Rothschild Banking Dynasty fomented war and assassination attempts on 4 presidents in order to create the Federal Reserve Bank • Explains how the Rothschild family began the War of 1812 because Congress failed to renew a 20-year charter for their Central Bank as well as how the ensuing debt of the war forced Congress to renew the charter • Details Andrew Jackson’s anti-bank presidential campaigns, his war on Rothschild agents within the government, and his successful defeat of the Central Bank • Reveals how the Rothschilds spurred the Civil War and were behind the assassination of Lincoln In this startling investigation into the suppressed history of America in the 1800s, Xaviant Haze reveals how the powerful Rothschild banking family and the Central Banking System, now known as the Federal Reserve Bank, provide a continuous thread of connection between the War of 1812, the Civil War, the financial crises of the 1800s, and assassination attempts on Presidents Jackson and Lincoln. The author reveals how the War of 1812 began after Congress failed to renew a 20-year charter for the Central Bank. After the war, the ensuing debt forced Congress to grant the central banking scheme another 20-year charter. The author explains how this spurred General Andrew Jackson--fed up with the central bank system and Nathan Rothschild’s control of Congress--to enter politics and become president in 1828. Citing the financial crises engineered by the banks, Jackson spent his first term weeding out Rothschild agents from the government. After being re-elected to a 2nd term with the slogan “Jackson and No Bank,” he became the only president to ever pay off the national debt. When the Central Bank’s charter came up for renewal in 1836, he successfully rallied Congress to vote against it. The author explains how, after failing to regain their power politically, the Rothschilds plunged the country into Civil War. He shows how Lincoln created a system allowing the U.S. to furnish its own money, without need for a Central Bank, and how this led to his assassination by a Rothschild agent. With Lincoln out of the picture, the Rothschilds were able to wipe out his prosperous monetary system, which plunged the country into high unemployment and recession and laid the foundation for the later formation of the Federal Reserve Bank--a banking scheme still in place in America today.