Cerberus Invests$1 Bln In CIBC Subprime Mortgages

06 Oct 2008

Cerberus Capital Management is investing $1.05 billion in the subprime mortgage portfolio of Canadian Imperial Bank of Commerce. CIBC, which reportedly had been in talks with four other investors, said it wanted to limit its exposure to the subprime market after taking C$6.8 billion ($6.167 billion) in write-downs ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data