CIBC Executive Management Changes

Financial Post, Jonathan Ratner, 9 January 2008Shares of U.S. monoline financial guarantors such as Ambac Financial Group Inc. and MBIA Inc., which guarantee that bond principal and interest are paid when an issuer defaults, continued their descent on Tuesday. CIBC followed as it has $8.1-billion in known subprime related monoline hedge exposure and investors feared more may emerge.There has been