CIBC strikes US$1.05B deal for Cerberus to invest in U.S. property holdings

Canadian Imperial Bank of Commerce (TSX:CM) is reducing its exposure to the U.S. residential mortgage market by selling part of its structured credit portfolio to Cerberus Capital Management LP in a US$1.05-billion deal.

Read Full Article from The Canadian Press

- Posted: 2008-10-03 09:17:04

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