Bloomberg Canadian Imperial Bank of Commerce and grocery chain Loblaw Cos. are ending their 19-year President’s Choice Financial partnership as the country’s fifth-largest lender starts its own digital bank. Simplii Financial will offer no-fee banking, mortgages and loans online and by phone, according to Mike Boluch, CIBC’s executive vice president of direct banking, innovation and payments. CIBC expects to take ...

Bloomberg Goldman Sachs Group Inc., JPMorgan Chase & Co. and four other investment banks are conspiring to control the $1 trillion market for lending stocks, according to a federal lawsuit. The complaint by the Iowa Public Employees Retirement System and two other pension plans claims the banks are blocking a shift to all-electronic system for matching lenders and borrowers of ...

Bloomberg Chile’s central bank kept borrowing costs on hold after the core inflation rate jumped, then slumped and then rose again, leaving economists and policy makers divided over the outlook for rate cuts. Policy makers, led by bank President Mario Marcel, held the key rate at 2.5 percent last week, as forecast by 19 of 20 economists surveyed by Bloomberg. ...