Posted AT 10:02 AM EST on 19/11/09
Rumours of CIBC's Irish interest are just that
The rumours are back. The Irish Independent is reporting today that “Allied Irish Banks, which needs to raise billions of euro to bolster its capital reserves over the next few years, is continuing to be circled by Canadian Imperial Bank of Commerce, according to sources.” Sound familiar? The Irish media began reporting in August that CIBC was a suitor for Allied Irish.
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