CIBC ousts 2 execs in subprime cleanout


CIBC ousts 2 execs in subprime cleanout

VANCOUVER, Canada (Reuters)?Canadian Imperial Bank of Commerce, grappling with some $11 billion in exposure to the battered U.S. subprime mortgage market, shook up its executive suite Monday, ousting its chief risk officer and the head of its corporate and wholesale banking unit. A management...

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