Monday, July 9, 2007

Speculation swirls over CIBC's subprime exposure

(Reuters) - "The Canadian bank CIBC has acknowledged ownership of
around $330 million, though some observers say the figure could
be more than $2 billion," Barron's newspaper said without
identifying the "observers".




"That estimate would constitute a substantial chunk of the
bank's approximately $13 billion in shareholder equity."


Read more at Reuters.com Bonds News

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