News of the day: A $500 billion opportunity, RBC earnings, CIBC sells Caribbean division, selling 'used' homes, economic resilience and more

News of the day: A $500 billion opportunity, RBC earnings, CIBC sells Caribbean division, selling 'used' homes, economic resilience and more

It’s Thursday, May 28. Here are the top stories we’re following today.

CIBC Caribbean signals ‘business as usual’ as Butterfield takeover looms

A planned takeover of CIBC Caribbean by Bermuda-based Butterfield is not expected to trigger immediate job losses or operational disruption, with bank officials insisting Barbados will remain a key regional hub even as the brand is set to disappear. The acquisition, expected to close in the first half of 2027, will eventually see the CIBC Caribbean brand phased out in favour of the Butterfield name. However, bank officials emphasise that the imm…