Bloomberg Canadian Imperial Bank of Commerce climbed in Toronto trading after posting fiscal first-quarter profit that beat analysts’ estimates and raising its dividend for the ninth time in 10 quarters. CIBC shares advanced 2.1 percent to C$120.62 at 9:52 a.m., the best performance in the eight-company S&P/TSX Composite Commercial Banks Index, which gained 0.4 percent. The stock is trading …

  Bloomberg Citigroup Inc. said U.S. authorities including the Securities and Exchange Commission are investigating the bank’s hiring of employees with ties to foreign government officials. The lender is cooperating with the probes, New York-based Citigroup said in an annual regulatory filing. The requests involve the Foreign Corrupt Practices Act, which makes it a crime to pay or give other …

  Reuters Bank Muscat, Oman’s largest bank by assets, is raising $500 million through a syndicated loan, banking sources familiar with the situation said. The three-year loan refinances a $600 million facility maturing in March that the Omani lender raised in 2014. Bank Muscat’s refinancing facility offers an all-in pricing of 170 basis points over the London Interbank Offered Rate. …