Posted AT 11:05 AM EST on 15/07/08
CIBC woes may spark mergers, analyst says
Continuing woes at Canadian Imperial Bank of Commerce could trigger a new round of mergers and acquisitions in Canadian financial services, a Bay Street analyst contends.
John Aiken at Dundee Securities Inc. said Tuesday that additional charges CIBC is facing as a result of its exposure to U.S. bond insurers and subprime mortgages could force the bank to try to raise additional common equity from an unwilling market.
The full text of this article has 505 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
