CIBC Expected to See $1-billion Loss as SCA's Future in Doubt

Financial Post, Jonathan Ratner, 18 November 2008Syncora Holdings Ltd.�s, which changed its name from Security Capital Assurance Ltd. in August, reported a third quarter net loss of US$29.28 per share as it took a US$1-billion writedown on its collateralized debt obligations. SCA, whose management is now expressing doubts about its ability to continue as a going concern, is one of a number of