U.S. mishaps leave CIBC with $1.1B loss



 
U.S. mishaps leave CIBC with $1.1B loss


Caught in U.S. credit-market chaos, Canadian Imperial Bank of Commerce is reporting a second-quarter loss of $1.1 billion, compared with a profit of $807 million a year earlier.

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News entry number 4855 added on May 30, 2008 in the Business News category.

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