18
Jan
2007
Canadian Imperial Bank of Commerce (CM.TO: Quote, Profile , Research) is interested in further expansion in the Caribbean. The bank recently took a large chuck of First Caribbean Bank B’dos hq.
Presently, the bank is scouting for potential acquisition opportunities in the Caribbean, as CIBC is sitting on vast amounts of excess capital for the next three years. CIBC made no indication on winch will be the suitable (audition) Targets …….and by suitable CIBC means:
- Hitting the banks criteria
- Right value point
- Strategic rationale
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