Canadian Imperial Bank of Commerce has hired Brad Aston, a veteran of nearly two
decades at Barclays, as the global head of leveraged
finance in its capital markets unit, according to a memo seen.
Canada, Mexico and Argentina on Monday started to settle securities trades faster, halving settlement time to one day, in a move designed to reduce counterparty risk and improve market liquidity.
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Canada, Mexico, Argentina Halve Trade Settlement to One Day usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Canadian banks are expected
to set aside money for challenging days, which will hurt
quarterly earnings, as investors await commentary on how the
lenders will navigate a prolonged high interest-rate.