CIBC writing down C$302 million on CDO

Discussion in 'Wall St. News' started by ASusilovic, Nov 9, 2007.

  1. CIBC said it's going to record a gain of C$381 million on the previously announced restructuring of Visa, but the bank added it's writing down C$302 million on collateralized debt obligations and residential mortgage-backed securities.

    Best Regards, Meredith ! :D