CIBC & TD Bank to Reduce Wholesale Banking Operations

Financial Post, Eoin Callan, 27 April 2009In the executive suites of Bay Street's bank towers, industry chieftains have been huddling with their top managers to make tough calls about which units within their banks should get the lion's share of capital -- a scarce commodity since the onset of the credit crisis.Participants in these internal bank negotiations tend to agree that managers who run