The Globe and Mail reports in its Friday edition that chief executive officer Victor Dodig is eager to position Canadian Imperial Bank of Commerce as a nimble, regional bank, in an apparent rebuttal to critics who have pilloried it for a series of embarrassing missteps over the past decade that have left it far smaller than many of its peers. The Globe's David Berman writes that Mr. Dodig says, "In the new regulatory framework, the global banking model is being challenged." He points to low levels of profitability among the global giants relative to CIBC, based on lower return on equity, as evidence that the costs of maintaining a global footprint outweigh the benefits. He says, "Success in the years ahead will be determined not by size, scale, breadth or global reach, but by strength, depth, agility and a clear focus on our clients in the areas where we chose to compete." Mr. Berman says CIBC has been shifting its focus in recent years after stumbling through a number of financial and public-relations headaches that have given it the unfortunate reputation as the bank most likely to walk into a sharp object. Mr. Dodig says CIBC has embarked upon a coherent strategy for building market share.