Cable Viewer

Currently released so far... 12856 / 251,287

### Browse latest releases

2010/11 2010/12 2011/01 2011/02 2011/03 2011/04 2011/05
2010/11/28 2010/11/29 2010/11/30
2010/12/01 2010/12/02 2010/12/03 2010/12/04 2010/12/05 2010/12/06 2010/12/07 2010/12/08 2010/12/09 2010/12/10 2010/12/11 2010/12/12 2010/12/13 2010/12/14 2010/12/15 2010/12/16 2010/12/17 2010/12/18 2010/12/19 2010/12/20 2010/12/21 2010/12/22 2010/12/23 2010/12/24 2010/12/25 2010/12/26 2010/12/27 2010/12/28 2010/12/29 2010/12/30
2011/01/01 2011/01/02 2011/01/04 2011/01/05 2011/01/07 2011/01/09 2011/01/10 2011/01/11 2011/01/12 2011/01/13 2011/01/14 2011/01/15 2011/01/16 2011/01/17 2011/01/18 2011/01/19 2011/01/20 2011/01/21 2011/01/22 2011/01/23 2011/01/24 2011/01/25 2011/01/26 2011/01/27 2011/01/28 2011/01/29 2011/01/30 2011/01/31
2011/02/01 2011/02/02 2011/02/03 2011/02/04 2011/02/05 2011/02/06 2011/02/07 2011/02/08 2011/02/09 2011/02/10 2011/02/11 2011/02/12 2011/02/13 2011/02/14 2011/02/15 2011/02/16 2011/02/17 2011/02/18 2011/02/19 2011/02/20 2011/02/21 2011/02/22 2011/02/23 2011/02/24 2011/02/25 2011/02/26 2011/02/27 2011/02/28
2011/03/01 2011/03/02 2011/03/03 2011/03/04 2011/03/05 2011/03/06 2011/03/07 2011/03/08 2011/03/09 2011/03/10 2011/03/11 2011/03/13 2011/03/14 2011/03/15 2011/03/16 2011/03/17 2011/03/18 2011/03/19 2011/03/20 2011/03/21 2011/03/22 2011/03/23 2011/03/24 2011/03/25 2011/03/26 2011/03/27 2011/03/28 2011/03/29 2011/03/30 2011/03/31
2011/04/01 2011/04/02 2011/04/03 2011/04/04 2011/04/05 2011/04/06 2011/04/07 2011/04/08 2011/04/09 2011/04/10 2011/04/11 2011/04/12 2011/04/13 2011/04/14 2011/04/15 2011/04/16 2011/04/17 2011/04/18 2011/04/19 2011/04/20 2011/04/21 2011/04/22 2011/04/23 2011/04/24 2011/04/25 2011/04/26 2011/04/27 2011/04/28 2011/04/29 2011/04/30
2011/05/01 2011/05/02 2011/05/03 2011/05/04 2011/05/05 2011/05/06 2011/05/07 2011/05/08 2011/05/09 2011/05/10 2011/05/11 2011/05/12 2011/05/13 2011/05/14 2011/05/15 2011/05/16 2011/05/17 2011/05/18 2011/05/19 2011/05/20 2011/05/21 2011/05/22 2011/05/23

### Browse by creation date

66 72 73 75 79 85 86 87 88 89 90 91 92 93 94 96 97 00 01 02 03 04 05 06 07 08 09 10
1966/12
1972/02 1972/08
1973/04
1975/03
1979/08
1985/03 1985/05 1985/06
1986/05
1987/06
1988/01 1988/03 1988/07
1989/12
1990/01 1990/07 1990/08 1990/10
1991/05
1992/01 1992/03 1992/06 1992/09 1992/12
1993/01 1993/10
1994/12
1996/07 1996/11
1997/06 1997/12
2000/05 2000/06 2000/09 2000/11
2001/02 2001/03 2001/06 2001/07 2001/09 2001/10 2001/11
2002/01 2002/02 2002/03 2002/04 2002/07 2002/08 2002/09 2002/11 2002/12
2003/01 2003/02 2003/03 2003/04 2003/05 2003/06 2003/07 2003/08 2003/09 2003/10 2003/11 2003/12
2004/01 2004/02 2004/03 2004/04 2004/05 2004/06 2004/07 2004/08 2004/09 2004/10 2004/11 2004/12
2005/01 2005/02 2005/03 2005/04 2005/05 2005/06 2005/07 2005/08 2005/09 2005/10 2005/11 2005/12
2006/01 2006/02 2006/03 2006/04 2006/05 2006/06 2006/07 2006/08 2006/09 2006/10 2006/11 2006/12
2007/01 2007/02 2007/03 2007/04 2007/05 2007/06 2007/07 2007/08 2007/09 2007/10 2007/11 2007/12
2008/01 2008/02 2008/03 2008/04 2008/05 2008/06 2008/07 2008/08 2008/09 2008/10 2008/11 2008/12
2009/01 2009/02 2009/03 2009/04 2009/05 2009/06 2009/07 2009/08 2009/09 2009/10 2009/11 2009/12
2010/01 2010/02

### Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z
Embassy Athens Embassy Asuncion Embassy Astana Embassy Asmara Embassy Ashgabat Embassy Apia Embassy Ankara Embassy Amman Embassy Algiers Embassy Addis Ababa Embassy Accra Embassy Abuja Embassy Abu Dhabi Embassy Abidjan Consulate Auckland Consulate Amsterdam Consulate Adana American Institute Taiwan, Taipei
Embassy Bujumbura Embassy Buenos Aires Embassy Budapest Embassy Bucharest Embassy Brussels Embassy Bridgetown Embassy Bratislava Embassy Brasilia Embassy Bogota Embassy Bishkek Embassy Bern Embassy Berlin Embassy Belmopan Embassy Belgrade Embassy Beirut Embassy Beijing Embassy Banjul Embassy Bangkok Embassy Bandar Seri Begawan Embassy Bamako Embassy Baku Embassy Baghdad Consulate Barcelona
Embassy Copenhagen Embassy Conakry Embassy Colombo Embassy Chisinau Embassy Caracas Embassy Canberra Embassy Cairo Consulate Curacao Consulate Ciudad Juarez Consulate Chennai Consulate Casablanca Consulate Cape Town Consulate Calgary
Embassy Dushanbe Embassy Dublin Embassy Doha Embassy Djibouti Embassy Dili Embassy Dhaka Embassy Dar Es Salaam Embassy Damascus Embassy Dakar Consulate Dubai
Embassy Freetown Consulate Fukuoka
Embassy Guatemala Embassy Gaborone Consulate Guayaquil Consulate Guadalajara
Embassy Helsinki Embassy Harare Embassy Hanoi Consulate Ho Chi Minh City Consulate Hermosillo Consulate Hamilton Consulate Hamburg Consulate Halifax
Iran RPO Dubai Embassy Islamabad Consulate Istanbul
Embassy Jakarta Consulate Jerusalem Consulate Jeddah
Embassy Kyiv Embassy Kuwait Embassy Kuala Lumpur Embassy Kinshasa Embassy Kingston Embassy Kigali Embassy Khartoum Embassy Kathmandu Embassy Kampala Embassy Kabul Consulate Kolkata Consulate Karachi
Embassy Luxembourg Embassy Luanda Embassy London Embassy Ljubljana Embassy Lisbon Embassy Lima Embassy Lilongwe Embassy La Paz Consulate Lahore Consulate Lagos
Mission USOSCE Mission USNATO Mission UNESCO Embassy Muscat Embassy Moscow Embassy Montevideo Embassy Monrovia Embassy Minsk Embassy Mexico Embassy Mbabane Embassy Maputo Embassy Manila Embassy Manama Embassy Managua Embassy Malabo Embassy Madrid Consulate Munich Consulate Mumbai Consulate Montreal Consulate Monterrey Consulate Milan Consulate Melbourne
Embassy Nicosia Embassy Niamey Embassy New Delhi Embassy Ndjamena Embassy Nassau Embassy Nairobi Consulate Naples Consulate Naha
Embassy Ouagadougou Embassy Ottawa Embassy Oslo
Embassy Pristina Embassy Pretoria Embassy Prague Embassy Port Of Spain Embassy Port Louis Embassy Port Au Prince Embassy Phnom Penh Embassy Paris Embassy Paramaribo Embassy Panama Consulate Peshawar
Embassy Quito Consulate Quebec
REO Basrah Embassy Rome Embassy Riyadh Embassy Riga Embassy Reykjavik Embassy Rangoon Embassy Rabat Consulate Rio De Janeiro Consulate Recife
Secretary of State Embassy Suva Embassy Stockholm Embassy Sofia Embassy Skopje Embassy Singapore Embassy Seoul Embassy Sarajevo Embassy Santo Domingo Embassy Santiago Embassy Sanaa Embassy San Salvador Embassy San Jose Consulate Strasbourg Consulate St Petersburg Consulate Shenyang Consulate Shanghai Consulate Sapporo Consulate Sao Paulo
Embassy Tunis Embassy Tripoli Embassy Tokyo Embassy The Hague Embassy Tel Aviv Embassy Tehran Embassy Tegucigalpa Embassy Tbilisi Embassy Tashkent Embassy Tallinn Consulate Toronto Consulate Tijuana
USUN New York USEU Brussels US Office Almaty US Mission Geneva US Interests Section Havana US Delegation, Secretary UNVIE Embassy Ulaanbaatar
Embassy Vilnius Embassy Vienna Embassy Vatican Embassy Valletta Consulate Vladivostok Consulate Vancouver
Embassy Windhoek Embassy Wellington Embassy Warsaw
Embassy Yerevan Embassy Yaounde
Embassy Zagreb

### Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
AVERY AMGT AR ASEC AMED AORC AG AU AM APEC ABUD AF AS AGRICULTURE AEMR ASEAN APECO ACOA AJ AO AFIN ABLD ADPM AY ASCH AE AFFAIRS AA AC ARF APER AFU AINF AODE AMG ATPDEA AGAO ASECKFRDCVISKIRFPHUMSMIGEG AID AL AORL AFSI AFSN ADCO ASUP AN AIT ANET ASIG AGMT ADANA AADP ACS AGR AMCHAMS AECL AUC AFGHANISTAN ADM ACAO AND ATRN ALOW APCS AORG AROC ACABQ AX AMEX AZ ARM AQ ATFN AMBASSADOR ACBAQ ASEX AER
BR BA BO BL BK BT BD BU BBSR BMGT BM BY BX BTIO BEXP BG BB BH BF BP BWC BRUSSELS BN BTIU BIDEN BE BILAT BC
CA CS CASC CO CI CD CH CN CY CONDOLEEZZA CU CE CVIS CG CMGT CF CPAS CDC CW CJAN CJUS CTM CM CFED CODEL CWC CR CBW CAN CLMT CBC CONS COUNTERTERRORISM CIA CDG CIC COUNTER CT CNARC CACM CB CV CIDA CLINTON CHR COE CIS CBSA CEUDA CAC CL CACS CAPC CTR COM CROS CARSON COPUOS CICTE CYPRUS COUNTRY CBE CKGR CVR CITEL CLEARANCE CARICOM CSW CITT CDB
DA DR DTRA DEA DHS DJ DO DEAX DAO DCM DE DOD DOMESTIC DK DPRK DEPT DISENGAGEMENT DOE DS DEFENSE
EUN ECON ELAB ETRD EFIN ECIN EAGR EAIR EN EG ECA ET ER EWWT EIND EINV EAID EC EU EFIS ETTC EPET ENRG EMIN ECPS ENGR EINVETC ELTN ECONCS EZ ES EI ECONOMIC ELN EINT EPA ETRA EXTERNAL ESA ETRDEINVECINPGOVCS EAIG EUR EK EUMEM EUREM EUC ENERG ERD EFTA ETRC ETRN EINVECONSENVCSJA EEPET EUNCH ESENV ENNP ENVI ECINECONCS ELECTIONS ENVR ENIV ETRO ETRDECONWTOCS ECUN EXIM EFINECONCS ECONOMY ERNG EINVEFIN ETC EAP EINN EXBS ENGY ECONOMICS EIAR EINDETRD ECONEFIN EURN EDU ETRDEINVTINTCS ECIP EFIM EAIDS EREL
FI FR FTA FTAA FBI FAC FJ FM FDA FARC FAO FO FOR FMLN FISO FAS FREEDOM FOREIGN FINANCE FINR FOI
GV GA GG GE GM GH GTIP GT GZ GAERC GR GOI GCC GOV GY GANGS GERARD GTMO GL GF GAZA GLOBAL
HK HUMAN HA HO HR HU HURI HILLARY HYMPSK HSTC HEBRON HUMOR HI
IV IS IC IIP IR ICRC IZ IWC IAEA IT IN IRS ICAO IQ IMO ILC IMF ILO IF ITPHUM IL IO ID ISRAEL IACI INMARSAT IPR ICTY ICJ INDO IA IDA IBRD IAHRC ISLAMISTS IGAD ITU ITF INRA INRO INRB ITALY IBET INTELSAT ISRAELI IDP ICTR ITRA IRC IRAQI IEFIN ITPGOV ITALIAN INTERNAL INTERPOL IEA INR IZPREL IRAJ
JA JP JO JM JOSEPH JUS JAMES JOHN JOHNNIE
KPAO KV KGIT KPAL KDEM KCRM KISL KPKO KSCA KOMC KTFN KNNP KN KZ KIPR KE KCIP KWMN KGIC KTIA KFRD KHDP KSEP KMPI KG KIRF KJUS KWBG KHLS KCOR KMDR KU KTDB KTIP KS KFLU KGHG KRAD KSPR KHIV KCOM KAID KOM KUNR KRVC KICC KBTS KSUM KOLY KAWC KIRC KDRG KCRS KNPP KSTH KWNM KRFD KVIR KLIG KFLO KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KVPR KTEX KTER KRGY KCFE KIDE KSTC KREC KR KPAONZ KIFR KOCI KBTR KBIO KMCA KGCC KACT KMRS KAWK KSAC KWMNCS KNEI KPOA KSEO KFIN KWAC KNAR KPLS KPAK KSCI KPRP KOMS KBCT KPWR KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KRIM KDDG KPRV KSAF KCGC KPAI KFSC KMFO KID KMIG KVRP KNSD KMOC KTBT KENV KCMR KWMM KHSA KO KX KCRCM KNUP KNUC KNNPMNUC KERG KTLA KCSY KTRD KJUST KRCM KCFC KCHG KREL KFTFN KDEMAF KICA KHUM KSEC KPIN KESS KDEV KWWMN
LY LE LH LABOR LI LG LO LA LU LOG LTTE LAB LT
MARR MOPS MO MASS MX MA MR MNUC MCAP MAPS MD MV MTCRE MY MP ML MILITARY MEPN MARAD MDC MU MEPP MIL MAPP MZ MT MASSMNUC MK MTCR MUCN MAS MEDIA MAR MI MQADHAFI MPOS MG MPS MW MC MTRE MRCRE MASC MOPPS MTS MLS MILI MEPI MEETINGS MERCOSUR MCC MIK
NATO NL NI NZ NG NO NP NK NU NDP NPT NSF NR NAFTA NATOPREL NS NEW NA NE NSSP NSC NH NV NPA NSFO NT NW NASA NSG NORAD NATIONAL NPG NGO NIPP NZUS NC NRR NAR
OEXC OVIP OTRA ODIP OFDP OPDC OPIC OIIP OPRC OAS OREP OSCE OECD OPCW OSCI OMIG OVP OIE ON OCII OPAD OBSP OFFICIALS OES OCS OIC OHUM OTR OSAC OFDA
PTER PREL PE PHUM PGOV PARM PINR PREF PINS PBTS PA PK PM PL PO POL PROP PSOE PHSA PAK PY PLN PMAR PHUH PBIO PF PHUS PTBS PU PNAT POLITICAL PARTIES PCUL PGGV PAO PSA PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PAS PGIV PHUMPREL POGOV PEL PP PINL PBT PG PINF PRL PALESTINIAN PSEPC POSTS PAHO PROV PHUMPGOV POV PGOC PNR PREFA PMIL PREO POLITICS POLICY PDOV PCI PRAM PSI PAIGH PJUS PARMS PROG PTERE PRGOV PORG PS PGOF PKFK PEPR PPA PINT PRELP PNG PFOR PUNE PGOVLO PHUMBA POLINT PGOVE PHALANAGE PARTY PDEM PECON
QA
RS RU RW RIGHTSPOLMIL RICE RUPREL RIGHTS RO RF RELATIONS RP RM RFE REGION REACTION REPORT RCMP RSO ROOD ROBERT RSP
SCUL SNAR SP SENV SU SO SMIG SOCI SW SA SZ SY SL SENVKGHG SF SR SN SARS SANC SHI SIPDIS SEVN SHUM SC SI STEINBERG SK SH SNARCS SPCE SNARN SG SYRIA SNARIZ SWE SIPRS SYR SAARC SEN SCRS SAN ST SSA SPCVIS SOFA
TSPL TBIO TU TH TP TRGY TPHY TZ TW TX TSPA TFIN TC TI TS TAGS TK TIP TNGD TL TV TT TINT TERRORISM TR TN TD TBID TF THPY TO TRSY TURKEY
UN UNSC UK US UNGA UNDP UP UG USTR UNHRC UY UNESCO UNMIK UNEP UZ UNO UNHCR USEU UNAUS UNCHR UNPUOS UNDC UNICEF UNCHC UNCSD USOAS UNFCYP UNIDROIT UV UNCND USUN USNC USPS USAID UE UNVIE UAE UNODC UNCHS UNFICYP UNDESCO UNC
VZ VM VE VT VAT VC VI VTPREL VN VTIZ VTEG
WS WHA WHO WTRO WIPO WEU WZ WTO WMO WA WWARD WHTI WTRQ WBG WFP WB WI WMD WITH
XA XR XM XG XW XB XV XF XD XS XK XY XC XL XZ XX XU XI XT XH XQ XE XTAG
YI YM YE YMCS
ZI ZF ZU ZR ZK ZANU ZB ZEALAND ZP ZO ZL ZOELLICK ZJ ZN ZA

### Browse by classification

CONFIDENTIAL CONFIDENTIAL//NOFORN SECRET SECRET//NOFORN UNCLASSIFIED UNCLASSIFIED//FOR OFFICIAL USE ONLY

### Community resources

Follow us on Twitter Check our Reddit Twitter this Digg this page Contact us on IRC

courage is contagious

### Viewing cable 05OTTAWA2413, ENRON HITS CANADA: CIBC PAYS RECORD $2.4 BILLION

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs
Understanding cables
Every cable message consists of three parts:

- The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
- The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
- The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.

To understand the justification used for the classification of each cable, please use this WikiSource article as reference.
Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #05OTTAWA2413.

Reference ID | Created | Released | Classification | Origin
--- | --- | --- | --- | ---
05OTTAWA2413 | 2005-08-10 15:05 | 2011-04-28 00:00 | UNCLASSIFIED//FOR OFFICIAL USE ONLY | Embassy Ottawa

`

    This record is a partial extract of the original cable. The full text of the original cable is not available.

    101505Z Aug 05

` `

    UNCLAS OTTAWA 002413

    SIPDIS

    SENSITIVE

    DEPARTMENT FOR EB/IFD, EB/OMA, WHA/EPSC, AND WHA/CAN
    STATE PASS FEDERAL RESERVE BANK FOR CHUGH
    STATE PASS SEC FOR JACOBS
    TREASURY FOR WILBUR MONROE AND DAVID NAGOSKI

    E.O. 12958: N/A
    TAGS: EFIN CA
    SUBJECT: ENRON HITS CANADA:  CIBC PAYS RECORD $2.4 BILLION
    SETTLEMENT

    REF: OTTAWA 3433

    ¶1. (U)   For official use only.  Not for Internet
    distribution.

    ¶2.  (U) The Canadian Imperial Bank of Commerce (CIBC)
    announced August 2 that it is paying US$2.4 billion to settle
    the class action suit brough on behalf of purchasers of Enron
    securities.  The settlement, the largest ever paid by a
    Canadian financial institution and beating the settlements
    reached by Citigroup ($2 billion) and J.P. Morgan ($2.2
    billion), does not include any admission of wrongdoing by
    CIBC.  According to newspaper reports, the SEC estimates that
    CIBC earned a total of under US$40 million from its
    questionable Enron transactions.

    ¶3.  (U) CIBC lost 10% of its market capitalization the day
    after the settlement was announced.  Its shares fell 7.6%
    (C$6.09) on the Toronto Stock Exchange, to C$74.55 and
    analysts now expect CIBC to post an annual loss, rather than
    a solid profit. CIBC's stock has not rebounded, with shares
    trading this week in the C$71-73 range.  However, the bank's
    August 2 announcement specified that after "taking this
    charge into account, CIBC expects that its Tier 1 capital
    ratio will be approximately 7.5% as of July 31, 2005, above
    the regulatory requirement of 7.0% for a well-capitalized
    financial institution, but below the bank's objective of 8.5%
    or higher."  Third quarter financial results are due August
    ¶24.  Canada's banks, including CIBC, have been enjoying
    record profits in recent years and the settlement is expected
    to temporarily slow but not topple CIBC.

    Where there's smoke?
    --------------------

    ¶4.  (SBU) The size of the settlement stunned analysts, but
    the fact that the bank involved is CIBC evoked no surprise.
    A banking expert, echoing press reports, told us "They've got
    to be guilty as Hell.  That bank is a scandal. If there's a
    disaster, CIBC is involved.  And it's all a reflection of
    Hunkin."  John Hunkin, who retired as CEO on July 29 with
    C$52 million in stock and other securities, had earned $15
    million in salary and bonuses since taking office in 1999.
    Despite calls from investors to recover money from Hunkin,
    conventional wisdom is that CIBC plans to put the issue
    behind it.

    Limited impact
    --------------

    ¶5.  (U) A U.S. banker told us that his firm's relationship
    with CIBC continues as usual although they are "keenly
    looking at" the situation, monitoring CIBC's credit rating
    and trading in its equities and secondary bonds.  Share
    prices of the Royal Bank of Canada and TD Bank, who are also
    in line for Enron settlements, dropped slightly on news of
    the CIBC settlement.  However, their payouts are not expected
    to be as large and their shares are still trading within
    recent ranges.

    ¶6.  (U) The settlement is not expected to change the dynamics
    of on-again, off-again bank merger policy in Canada (reftel).
     The Minister of Finance recently announced that bank merger
    policy may not be clarified before the end of the year but
    yesterdays statement of qualified support from the NDP, a
    party traditionally opposed to bank mergers, has put the
    issue back on the front burner.  Even before the settlement,
    CIBC had been seen as a merger target, not an acquirer and
    the loss of capital does not change that.  Our bank expert
    opined that with CIBC's systemic problems, the best thing for
    the Canadian banking system would be for another bank to
    purchase CIBC to get their name out of the market.

    ¶7.  (U) Comment:  The size of the settlement caught everyone
    by surprise but there seems to be consensus that CIBC had it
    coming. It has temporarily weakened that bank, but the slight
    spillover to other banks does little to dampen a very
    profitable sector.  The activity of U.S. banks in Canada and
    the outlook for bank mergers appear unchanged by the
    settlement, but it does emphasize the extent to which our
    financial markets are linked.  End comment.

    Visit Canada's Classified Web Site at
    http://www.state.sgov.gov/p/wha/ottawa

    WILKINS

`