Tag: CIBC
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Huge Win for XRP Prompts U.S. Banks to Embrace Ripple Payments Sooner Than Expected!
In a groundbreaking development for the cryptocurrency and financial sectors, six major U.S. banks have confirmed partnerships with Ripple, accelerating the adoption of Ripple’s payment technology across the banking industry. The announcement is based on 2022 data, and the banks involved include HSBC Holdings, Bank of America, J.P. Morgan Chase, CIBC, PNC, and Standard Chartered…
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CIBC Innovation Banking provides Lightspeed POS Inc. with US$55 million debt facility
TORONTO and MONTREAL, April 2, 2019 /PRNewswire/ – CIBC Innovation Banking is pleased to announce the closing of a US$55 million debt facility with Lightspeed POS Inc. (TSX: LSPD) (“Lightspeed” or the “Company”). The standby facility is available to support strategic acquisitions and fuel the Company’s multi-faceted growth strategy. Lightspeed’s comprehensive easy-to-use and scalable solution, including front-end consumer experience, back-end operations management…
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How Solid are Canada’s Big Banks?
The World Economic Forum consistently ranks Canada’s banks among the world’s safest[1]. Competent regulators have overseen stress tests, tightened lending standards and delinquency rates are low. Demographics are good and the country’s diversified economy is backed by a treasure of oil, wood, gold and other natural resources. So the experts say. Institutional investors, relying on…