Bloomberg Credit Suisse Group AG is paying up to raise billions of dollars in the US and UK as the troubled lender relies on attractive terms to keep funding plans in place. The embattled Swiss lender’s New York branch sold $3.75 billion of two-year and five-year notes to yield 370 basis points over Treasuries, according to a person with knowledge ...

  Bloomberg Canadian Imperial Bank of Commerce (CIBC) plans to set aside C$850 million ($628 million) to cover damages in a lawsuit with Cerberus Capital Management LP that it’s still fighting. The after-tax provision will reduce the bank’s Common Equity Tier 1 capital ratio by about 30 basis points, the Toronto-based bank said. CIBC reiterated that it plans to appeal ...

  Bloomberg Bank of Montreal’s (BMO) capital-markets unit was the top arranger of initial public offerings (IPOs) in Canada in 2022, eking out two significant deals in a year when plunging equity prices all but froze the market for companies seeking to sell shares for the first time. Canadian companies undertook 112 IPOs with a total value of C$1.82 billion ...