$CM

CIBC (TSX: CM, NYSE: CM) announced a $1.0 billion offering of 6.631% Limited Recourse Capital Notes (LRCNs) due 2086, with interest resetting every 5 years. Proceeds will be used for general corporate purposes. The notes will be sold to institutional investors, with a prospectus supplement to be filed by October 20, 2026.

Stargate Hydrogen will manufacture replacement stacks for 400+ legacy Cummins alkaline electrolysers worldwide, covering 1,000+ HyStat stacks in 65 countries. Cummins ceased new electrolyser commercial activity earlier this year. Stargate, founded in 2021, gains access to a global customer base. Financial details were not disclosed.

Simplii Financial, a digital lender owned by CIBC, is launching new features in its app, including a new account type and bank account folders, to attract DIY banking clients. The company aims to give users more control over their finances. Simplii has nearly 2 million clients and is partnering with CIBC Investor’s Edge for investment access. CIBC's poll found Canadians cautious about prediction markets, with 74% viewing them as gambling.

Canadian Imperial Bank of Commerce (CIBC) is providing the majority of the financing for Wittington Investments' $8.9 billion acquisition of Boots, marking CIBC's largest-ever single commitment to a leveraged borrower. Wittington, the Weston family's holding company, will have operational control, while Fairfax Financial will own 50% post-deal.

TD Bank ranked 10th and RBC 3rd in Evident AI's 2026 global banking AI index. TD aims for $500M in AI-driven revenue and cost savings, while RBC targets $700M-$1B in enterprise value by 2027. Canadian banks lead in disclosing AI returns, but measuring direct financial impact remains challenging.

Canadian Imperial Bank of Commerce (CIBC) stock fell 1.0% to $157.41, attributed to its ex-dividend status. The bank declared a CAD $1.07 quarterly dividend. CIBC also announced stock splits for its AMD and CrowdStrike Canadian Depositary Receipts. Broader market declines added pressure. CIBC is Canada's fifth-largest bank with CAD $1.18 trillion in assets.

Canada's six largest banks are exploring tokenized deposits using blockchain, but this won't replace cash. The project, involving BMO, CIBC, National Bank, RBC, Scotiabank, and TD, aims to make payments faster and more efficient. Tokenized deposits are not a new currency but a digital representation of existing Canadian-dollar deposits. The first phase will examine transfers between financial institutions. The Bank of Canada assures that cash will remain accessible.

Canada's six largest banks (RY, TD, BNS, BMO, CM, NA) are collaborating to develop tokenized deposits, digital versions of traditional deposits recorded on a blockchain. The initiative aims to expedite interbank settlements and align with global digital money trends. The project follows Canada's Stablecoin Act and similar U.S. bank efforts, with the first phase focusing on Canadian dollar transactions between financial institutions.

Six Canadian banks, including BMO, CIBC, NBC, RBC, Scotiabank, and TD, are collaborating to develop a tokenized deposit solution in Canadian dollars. The project aims to enhance payments efficiency and security while maintaining regulatory oversight. The first phase focuses on intra-bank transfers, with future plans to connect with other digital assets initiatives.

Canadian Imperial Bank of Commerce (CIBC) announced the admission of its GBP 366,792 Preference Share Linked Redemption Notes due 2029 to trading on the London Stock Exchange's main market on 18 September 2026. The notes were issued under CIBC's Structured Note Programme. Details are available in the base prospectus dated 23 January 2026 and final terms published 7 September 2026.