20 June 2018
Visit www.gemalto.com

CIBC to wind up bizSmart

08 November 2002  |  2711 views  |  0 CIBC logo & building

Canadian Imperial Bank of Commerce is to wind up bizSmart, its direct banking service for small business enterprises, as part of a wide-ranging restructuring programme announced last month.

BizSmart, introduced two-years ago by CIBC in association with Staples Business Depot, offered no-fee daily banking for small businesses through the Internet and by telephone.

The closure of the operation follows CIBC's decision last month to shut down its electronic banking operations in the US and cut jobs at its investment banking and wealth management units.

CIBC says that bizSmart will continue operating as usual for existing customers for the next several months. Existing customers will be offered a new, no-fee daily business banking offer through CIBC Small Business Banking.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

CIBC rolls out talking ATMs

CIBC rolls out talking ATMs

29 October 2002  |  4860 views  |  0 comments
CIBC looks to recoup losses though IT downsizing

CIBC looks to recoup losses though IT downsizing

22 October 2002  |  4251 views  |  0 comments
CIBC boss hints at Amicus shake-up

CIBC boss hints at Amicus shake-up

26 September 2002  |  4770 views  |  0 comments
CIBC deploys MortgageRamp's DataCentral

CIBC deploys MortgageRamp's DataCentral

20 September 2002  |  3707 views  |  0 comments
HP wins C$2 billion IT outsourcing deal, acquires CIBC joint venture stake

HP wins C$2 billion IT outsourcing deal, acquires CIBC joint venture stake

18 September 2002  |  4389 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.aciworldwide.comVisit www.worldwealthreport.com

Top topics

Most viewed Most shared
GPS raises £44 million to fund international growthGPS raises £44 million to fund intern...
18117 views comments | 6 tweets | 8 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
11667 views comments | 11 tweets | 33 linkedin
DBS to use robot to screen applicants for human jobsDBS to use robot to screen applicants for...
8463 views comments | 3 tweets | 6 linkedin
Robots save Nordea from GDPR processing nightmareRobots save Nordea from GDPR processing ni...
8366 views comments | 10 tweets | 17 linkedin
Alior to launch pan-European digital bank with solarisBank and RaisinAlior to launch pan-European digital bank...
8035 views comments | 10 tweets | 16 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job