CIBC Denied Speculation of U$2.6 Billion Subprime Exposure

The Globe and Mail, Tara Perkins, 22 June 2007Canadian Imperial Bank of Commerce denied speculation yesterday that it might have significant exposure to the U.S. subprime mortgage market.An American newsletter making the rounds on Bay Street speculated the bank's exposure could be as much as $2.6-billion (U.S.)."The report is not accurate and makes certain assumptions which are simply not true;