History Of CIBC: The Canadian Imperial Bank Of Commerce

Santander Bank, formerly known as Sovereign Bank, is a wholly owned subsidiary of Banco Santander, a Spanish bank. The bank mainly operates within the North Eastern region of the United States, with its headquarters based in Boston, Massachusetts. Santander bank offers various financial services and products, among them retail banking, mortgages, corporate banking, capital markets, insurance, cash management, trust and wealth management as well as insurance. The bank holds over $77 billion in assets, and has 650 branches. It also has over 2000 ATMs and employs 9800 employees.

Economic imperialism is a central part of the ongoing contemporary colonization of indigenous peoples in Canada. Since the colonial era marked the beginning of imperialism in North America, an intricate web of power and domination have formed leaving Indigenous communities in the grip of its economic philosophy. This has led to the ongoing contribution to the disposition of Indigenous peoples in Canada. Economic imperialism can be defined as the need for countries to expand their territories in order to collect resources from their colonies. This illustrates the inherent unsustainability of colonial settler society. In this essay I will look at how the impacts of economic imperialism has had an effect on the development of the indigenous

Economic imperialism plays an important role in colonization. The goal of this paper is to discuss the colonial control of Canada and how economics played an important role in dispossession of indigenous people of Canada. The negative impact of economic imperialism included loss of land, disrupted communities and exploitation of natural resources. In all cases, Canadian natives had to suffer the consequences of colonization and economic imperialism.

The legacy of historical globalization on the Aboriginal community is still a very much relevant issue in Canada. Although historical globalization interconnected different countries and nations, it gave birth to imperialism and colonialism. As a result of this, legislations such as the Indian Act was implemented. The Indian Act was passed by the Canadian government in 1876 in an attempt to assimilate First Nations into mainstream society. In an attempt to erase the “Indian” in the First Nations, first Prime Minister Sir John A. Macdonald implemented a policy of “aggressive civilization” which led to publicly funded Indian Residential Schools. At the time, anyone from the ages five to fifteen years old were forced to go to a Residential School. A total of one hundred and fifty thousand children was sent to these school’s, however, the negative impact wasn’t limited to these people. The effects of Residential school and Indian Act still resonate for the generations that followed. The systems that the Canadian government use to assimilate the First Nations such as the Indian Act and Residential schools left a huge impact on the Aboriginal community. Social problems, such as abuse, alcoholism, suicide and poverty are only a few of the issues that sprouted from the effects of historical globalization. The Canadian government’s effort in trying to reconcile with the First Nation can be seen through the Charter of Rights and Freedoms, the amendment of the Indian Act, and the Truth

On July 1, 1867, celebrations occurred nationwide as confederation passed and a new independent country was born; The Dominion of Canada. Obtaining the right to confederation was a long and difficult process. The British North America Colonies were having problems in their economical structure, railway system, their government and their fear of the United States. However, some problems were more severe than others. As more problems in each of the colonies rises, the only solution at the time was to form a confederation between all the colonies and joining them into one unified nation.

Canadian Confederation In 1867 I picked up Confederation as a topic from the book I studied in class since I really enjoyed talking about the beginning of Canadian history, and it was very interesting for me to search about. In this paper, I shall state about Canadian confederation with some information from the discussion in class and the Internet. Basically, how Canada became a country is because the British government allowed Canada to be an autonomous nation. The trigger of the Canadian foundation was the British War in 1812. In order to combat the United States which aimed at consolidation of Canada, it was a step to independence that the British parliament decided Canada as the Canadian Commonwealth of Britain at that time on July 1,

Pearson had a significant contribution on the foreign policy and the establishment of Canada’s role on the world stage, partly due to his glorious record during his period at External Affairs, founding NATO in 1949, and winning Nobel Peace Prize for commanding UNEF to protect Suez Canal. But he also concluded the Canada-US Auto Pact, which repaired the relationships with America and laid a foundation of the future free trade.

As a staff analyst, I think that there are many alternatives present which can save the Bank from a huge loss. Actually in this dispute I feel that Bank is right because they made it clear in the purchase order that the machines needs to be shipped through Yellow Freight and also paid the invoice before time as per their custom. But still the carrier was changed by Data Max without asking or informing the bank.

In both jobs, I earned CAD$ 14 per hour, which are about 10€. I was paid bi-weekly, whereas Aspen paid with paycheques and Ardene via direct deposit. To get my money I had to establish a bank account with a Canadian Bank. I chose CIBC (Canadian Imperial Bank of Commerce) since they offer a free account for one year.

“Big 6” Banks controlled the Canadian industry Current market via issuing Credit and Debit cards and the corresponding retail processing systems.

Canadian Imperial Bank of Commerce or CIBC as most know it, has been operating since 1867. They are a profit corporation that offers public banking and financial services to individuals, small businesses, and also other corporations. CIBC is a Canadian corporation that has branched out and now does business in Europe, Asia, Australia, Latin America, and of course The United States (Wikipedia).

Commonwealth Bank has become one of biggest bank of Australia; one of the reasons is ERP implementation. The ERP system helps the financial institution to communicate worldwide, talking about its various management department, for them it’s really effective. Such as using customer relation management software it helps in keeping the records of consumers in data warehouse, which can be used at the time when information needed by the bank. For Human resource management it provides 24/7 hours services to customers and also helping employees due to real time processing. Financial resource management, it gives the relevant data of clients like whether this consumer has positive records or not and provides credit on the basis of their history. Manufacturing resource planning, ERP supports the firm to know about happenings during production process. Supply chain management, to select the best suppliers for the cards, the bank needs Enterprise resource planning. However this software got some weaknesses like it may be expensive and chances of security issues are always.

The Scotiabank is one of the world’s most popular banks in North America and is located in Canada, Halifax. Founded in 1832, Scotiabank came to be the second largest bank in Canada. A year after its development, Scotiabank paid out its first dividend to shareholders. Having marked the method in history, it was carried out through the golden era to the modern era and is yet continued to this day. Scotiabank provides innovative financial products and services to individual customers, small/medium sized business, corporations and governments across the world.

HSBC is the world’s fourth largest bank by total assets. The bank has a total asset amount of $2.67 trillion. HSBC’s headquarters is located in London, United Kingdom. They are a British multinational banking and financial service. The company was first established in 1865 as The Hongkong and Shanghai Bank and was first incorporated in 1866. Finally, the company was established as its present form in 1991 as HSBC Holdings plc. The bank currently serves in 71 countries with about 4,400 offices opened across Africa, Asia, Oceania, and Europe, as well as North and South America. The business provides services on personal finance, commercial banking, consumer finance, and private banking. The organization is divided into four business groups: Commercial Banking, Global Banking and Markets (investment banking), Retail Banking and Wealth Management, and Global Private Banking.

Citigroup Inc. or Citi is an American multinational banking and financial services and as of January 1st, 2015 is the third largest bank holding company in the US by assets headquartered in Manhattan, New York City. Citigroup had the world 's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide and holds over 200 million customer accounts in more than 140 countries (Citi, 2015).