Summary
"I think the view is that it seems less likely CIBC is going to have to issue equity," said Mario Mendonca an analyst at Genuity Capital Markets. CIBC has raised $2.9 billion in equity this year.
Mendonca noted that while the bank's writedowns didn't include any subprime charges this quarter, it doesn't mean further subprime writedowns aren't headed its way.See the full content of this document
Extract
Subprime Woes Slash Cibc Profits
By David Friend
TORONTO -- CIBC posted a $71-million profit in the third quarter an...See the full content of this document
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