The commission found the bank was late to report various types of data for its swap transactions from at least January 2017 to the present. 'Timely swaps...
- Canadian Imperial Bank of Commerce will have to pay a penalty of $1.25 million to the Commodity Futures Trading Commission for failing to report swap transactions in a timely manner on multiple occasions, the agency said on Tuesday.
"We respect the decisions of the SEC and CFTC on these matters. Throughout this process, CIBC offered its full cooperation to both regulators and took immediate steps to implement remedies internally," a spokesperson for the bank said in an emailed statement to Reuters. The stock market rally risks sparking an unsustainable 'melt-up' as the economy overheats, market vet Ed Yardeni says
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