CIBC Seen Increasing Caribbean Presence

Dow Jones Newswires, Monica Gutschi, 10 January 2007First Caribbean Bank, a majority-owned unit of Canadian Imperial Bank of Commerce, may purchase a stake in a Trinidadian bank as a precursor to a merger, BMO Capital Markets suggests.In a report, analyst Ian de Verteuil said press reports out of the West Indies indicate First Caribbean is discussing a 14% stake in Royal Bank of Trinidad and