bank of commerce

bloomberg.com
Man Named to Lead Canadian Women's Advisory Board -- Again
Of the 19 members of Catalyst Canada’s advisory board, seven are women. About 3 percent of Canadian-based public companies have female heads, data compiled by Bloomberg show, and there are no female CEOs of the top five banks in the country.

For the second time in a row, a man was named as chairman of a Canadian organization that aims to promote women at work.

Catalyst, a global nonprofit organization that aims to promote progress for women through “workplace inclusion,” appointed Victor Dodig chairman of the advisory board for its Canadian operations. Dodig, chief executive officer of Canadian Imperial Bank of Commerce, replaces Bank of Montreal CEO Bill Downe, who retires from the bank this year.

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(via Cathedral Of Commerce Banking Hall …. Bank Of Commerce By Greg’s Southern Ontario | Flickr)

“sad Jeb”

On the one hand, that people have the good sense to reject this fucking maniacal fascist is heartening. On the other, the “no one’s clapping for Jeb” meme shit is extremely insidious and belies other factors at work in the entire election spectacle.

In 1977, a short time after his father left the CIA as director, Jeb, fluent in Spanish as a result of his time as an exchange student in Guadalajara, was sent, along with his Mexican wife, Columba, to Caracas, Venezuela, to work as a “branch manager” and “vice president” at the young age of 24. But Jeb was no ordinary “branch manager.” He was, officially, Texas Commerce Bank’s top point man in the Venezuelan capital and, unofficially, the CIA’s main financial liaison to the Venezuelan oil industry and the Colombian narcotics cartels. Jeb would regularly report to his CIA “official cover” counterpart attached to the U.S. embassy in Caracas as a State Department “diplomat.”

Jeb helped lay the groundwork for the future Reagan-Bush administration’s 1980s covert war against Nicaragua and leftist guerrillas in El Salvador by establishing banking and money laundering links between the CIA and the Medellin and Cali drug cartels. Jeb’s friends in the Colombian cartels, particularly Medellin cartel boss Pablo Escobar, would helped finance the Nicaraguan contras in return for CIA-supplied weapons. While in Venezuela, Jeb cleverly managed to hide the Colombian cartel’s drug revenues as oil industry revenues of “front” companies. Texas Commerce Bank was the bank of choice for Latin American drug cartels. It was later discovered to have stashed $7 million in drug profits for the Gulf cartel of Mexico. […]

Jeb had no problems with the Venezuelan government in providing financial support for the Colombian cartels. For much of Jeb’s stay in Venezuela, the extremely corrupt Carlos Andres Perez, known as “CAP,” was president. His extravagant spending using Venezuela’s revenue from the recently-nationalized oil industry earned his government the nickname of “Saudi Venezuela.” Although CAP nationalized the oil industry and created the Petroleos de Venezuela (PdVSA) state-owned oil firm, he also was generous to American firms bidding for work with PdVSA. One of them was Bechtel Corporation, the firm of future Reagan-Bush cabinet members George P. Shultz and Caspar Weinberger. With a number of Bechtel employees in Venezuela, Jeb was not the only CIA “NOC” (non-official cover) present in the country. But, he was the most influential.

During CAP’s second term as president from 1989 to 1993, a young army officer named Hugo Chavez attempted to overthrow the corrupt CAP in a coup. Many of Venezuela’s elite, whom Jeb befriended during his days as Langley’s main NOC in Caracas, later became involved with repeated CIA attempts to overthrow Chavez and his successor, Nicolas Maduro. Today, they and their progeny live in the Miami-Dade area, particularly in Doral, nicknamed “Doralzuela,” and are among Jeb’s strongest and most deep-pocketed political supporters. […]

After leaving Venezuela in 1980 to help with his father’s presidential and vice presidential campaigns, Jeb hooked up with Cuban-American Miami businessman Armando Codina, who had his own connections with CIA-supported anti-Castro Cuban exiles in south Florida. It was Codina who helped Jeb make millions of dollars in the real estate business and eventually help launch him on his political career that took him to the governor’s mansion in Tallahassee. Jeb, as a principal of the Codina Group, was able to arrange the sale of high-priced condos and mansions in the Miami area to his elite friends in Venezuela, with Jeb receiving handsome sales commissions.

One of Jeb’s close Miami associates was Cuban terrorist Orlando Bosch. Bosch was a key figure in the CIA’s Operation Condor, which was an alliance of Latin American military dictatorships that targeted leftist leaders for assassination across international borders. Bosch helped carry out the October 1976 bombing of Cubana Airlines flight 455, which was en route from Barbados to Jamaica. All 73 passengers and crew were killed in the attack, including children and the Cuban fencing team. […]

Codina, Bosch, and Posada Carriles were all part of Jeb’s inner circle of friends, which also included Cuban businessman Camilo Padreda, a former spy for Cuban dictator Fulgencio Batista, and Hernandez Cartaya, both later indicted for systematically embezzling funds from the Jefferson Savings and Loan of McAllen, Texas. Padreda and Cartaya were also identified as CIA agents who helped skim funds from Jefferson and other S&Ls to fund the Nicaraguan contras. Jeb’s work for the CIA in Caracas in 1977 came a few months after the CIA’s worst terrorism spree in history, which also happened to coincide with George H. W. Bush’s single year as CIA director.

After his father became vice president, Jeb served as the liaison for the Nicaraguan contras and he arranged meetings between them and their supporters and the White House point man for covert assistance to the Nicaraguan rebels, one Marine Corps lieutenant colonel by the name of Oliver North. Another one of Jeb’s Cuban cronies, Miguel Recarey, owner of Miami-based International Medical Center, an HMO, was awash in ill-gotten Medicare funds. Recarey and his brother, who had close ties to the CIA, were also funded by Florida Mafia boss Santo Trafficante, Jr., a co-conspirator in several CIA plots to assassinate Fidel Castro and a suspected co-plotter in the assassination of President John F. Kennedy.

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The National Commerce Bank in Jeddah by Skidmore, Owing, & Merrill in 1983. The architects incorporated many features found in traditional Islamic architecture such as natural ventilation and inward orientation. The travertine-clad triangular tower is penetrated by a large atrium that creates a peaceful space. It has become a defining feature in the skyline of Jeddah as well as a monument to progress.

I’ve been rambling about no work, no employment for a time now. So having gotten the call yesterday made me delighted, if not extra excited. It’s true how things happen when you least expect it. Although it’s not yet certain, there’s now an 80-20 chance that I’ll get into the career I’ve always wanted. I’m happy. Really happy. I’ll just have to go through the medical check ups and comply the requirements then I may as well be good to go.

In late 2004 in Moncton, New Brunswick, several customers at a Canadian Imperial Bank of Commerce ATM were dispensed a total of 11 bills of Canadian Tire money instead of real bills. They were compensated by the bank.
—  ON THE OTHER HAND, this happened and is probably the funniest thing to me still, 10 years later