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View Full Version : Canadian Imperial Loss Narrows on Fewer Writedowns - Bloomberg



NewsWhore
05-28-2009, 08:00 AM
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Canadian Imperial Loss Narrows on Fewer Writedowns (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601082%26sid%3DaEqoGWyNlOG0%26refer%3Dcanada&cid=1250562090&ei=Qn8eSuS4MZWCmQeHhvj_DQ&usg=AFQjCNE3oup0gyIHIMPM6zM0hewBU3oSEg)
Bloomberg
CIBC also recorded C$280 million in costs tied to derivatives, valuation adjustments, a tax change and merchant banking, partly reduced by a C$159 million currency gain. CIBC was expected to have pretax debt writedowns of as much as C$450 million this ...


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