The Canadian Imperial Bank of Commerce (CIBC) and its digital banking subsidiary Simplii Financial are not educational institutions but financial entities. CIBC is a publicly traded multinational bank listed on the Toronto Stock Exchange (TSX: CM) and the New York Stock Exchange (NYSE: CM). Simplii, a direct banking service, operates as a division of CIBC, offering no-fee accounts and digital-first solutions. Both cater to personal and commercial banking needs, not academia. For clarity, universities are categorized as public or private based on funding and governance, which does not apply to banks like CIBC or Simplii.
