reportonbusiness.com: Purchase this article

Posted AT 11:05 AM EST on 15/07/08

CIBC woes may spark mergers, analyst says

JOHN PARTRIDGE

Globe and Mail Update

Continuing woes at Canadian Imperial Bank of Commerce could trigger a new round of mergers and acquisitions in Canadian financial services, a Bay Street analyst contends. John Aiken at Dundee Securities Inc. said Tuesday that additional charges CIBC is facing as a result of its exposure to U.S. bond insurers and subprime mortgages could force the bank to try to raise additional common equity from an unwilling market.

The full text of this article has 505 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

TSX
DJIA
S&P
Nasdaq

Market	Change	Value
Data delayed 15 minutes
S&P/TSX	-30.85	8,296.96
DJIA	+172.60	8,591.69
S&P 500	+21.93	870.74
Nasdaq	+42.58	1,492.38

Stock Profile	Sponsored by:
Profile Quote Lookup

Pressures mount on loonie

Plus: The close: A streak!

Video: Mining stocks under pressure

Technology


Finding the perfect gadget: Need a present for mom, dad, son, daughter, friend, colleague?

Most Popular

Rank	Headline
1.	Vale Inco set to cut Sudbury output 9:17 PM 2
2.	Nexen looks to ward off bids 9:21 PM
3.	Canadians get higher severance pay: study 5:02 PM 14
4.	Recession threat weighs on housing markets 2:27 PM 134
5.	Enbridge shines amid the carnage 9:32 PM
6.	Jarislowsky blames extreme greed for economic crisis 2:04 PM 23
7.	‘Free thinker' to boost Finance ranks 9:27 PM
8.	UAW willing to change contracts 3:56 PM 107
9.	U.S. economic gloom deepening: Fed 2:17 PM 15
10.	RIM bids $66-million for Certicom 11:12 AM 14

Rank	Headline
1.	Dion's amateur hour 7:50 PM 255
2.	Coalition a threat, PM says 8:07 PM 1159
3.	Coalition is legitimate, former governor-general says 7:40 PM 153
4.	Text of the Opposition Leader's televised address 7:19 PM
5.	Bloc part of secret coalition plot in 2000 with Canadian Alliance 2:07 PM 632
6.	Rideau Hall's choice 1:23 PM
7.	Live Blog: Follow Harper's speech 5:30 PM 187
8.	Raptors fire Mitchell 9:59 PM 45
9.	Avery apologizes 8:06 PM 15
10.	Text of the Prime Minister's televised address 7:11 PM

Rank	Headline
1.	Bloc part of secret coalition plot in 2000 with Canadian Alliance 2:07 PM 630
2.	Vulvodynia: Dismissed and undiagnosed 02/12/08 9:45 AM 13
3.	Cellphones best for talking, not popping popcorn 4:30 PM 4
4.	Recession threat weighs on housing markets 2:27 PM 134
5.	Vale Inco set to cut Sudbury output 9:17 PM 2
6.	Jarislowsky blames extreme greed for economic crisis 2:04 PM 23
7.	The first minister and the viceroy 02/12/08 11:37 PM 186
8.	Canadians get higher severance pay: study 5:02 PM 14
9.	Text of the Opposition Leader's televised address 7:19 PM
10.	What outback? 22/11/08 12:00 AM 9

Rank	Headline
632	Bloc part of secret coalition plot in 2000 with Canadian Alliance 632
445	We will have influence in coalition, Greens say 445
410	Harper's attack on Bloc risks alienating Quebec 410
300	Globe editorial board editor on why Harper should resign 300

More popular news items

Adhocracy


Diesel Makes a Meat Puppet: Plus: Christmas gifts + men = doghouse

CSR: Executive action


Sowing the seeds of corporate compassion: Unique program gives CEOs a first-hand look at the work of social agencies, with the hope that corporate commitment will follow 2

The Law page


Did BCE wimp out?: Jon Huntsman can teach a thing or two about takeover contracts

ROB Magazine


Ted Rogers's last interview: The cable baron talked to Jennifer Wells about "moving toward stopping"

The Breakthrough


Zenn and the art of electric car maintenance: The breakdown of his beloved 1959 French electric car led to Toronto auto maker's 'aha! moment' and a $5-million investment in a small U.S. battery company