Analyst Speculates on CIBC Takeover

Financal Post, David Pett, 15 July 2008The possibility of more writedowns at CIBC could force the bank into another's hands, says John Aiken, analyst at Dundee Securities.Following on the heels of the U.S. Federal Reserve's Fannie Mae and Freddie Mac intervention and the U.S. bank failure of IndyMac, Mr. Aiken said CIBC may be forced to raise common equity once again as a result of continued