(Bloomberg) — Canadian Imperial Bank of Commerce expects its growth in domestic mortgages to be more “market-like” in 2020, after last year’s contraction in home-loan balances, Chief Executive Officer Victor Dodig said.CIBC is taking a more “diversified” approach to originating mortgages rather than focusing on the greater Toronto and Vancouver areas, once the source of CIBC’s outsized growth, Dodig said at a conference Tuesday. CIBC also increased its sales force of mobile mortgage advisers to 920 from 840 — still down from a height of 1,200 — and made efforts to “ignite” staff in branches who weren’t meeting expectations on …read more
Source:: Yahoo Finance
