CIBC to Focus Less on U.S. Office Real Estate After Profit Miss

Reuters, Aug. 31, 2023-Nivedita Balu
Canadian Imperial Bank of Commerce (CIBC) (CM.TO) said on Thursday it would reduce its focus on U.S. commercial real estate due to weakness in that business, as the lender missed earnings forecasts due to a jump in bad loan provisions.
https://www.reuters.com/business/finance/cibc-posts-lower-third-quarter-profit-bad-loan-provisions-rise-2023-08-31/