American Century Proceeds Seen Helping CIBC on Other DealsBy
Nomura agrees to buy 41% stake from CIBC for $1 billion
Canadian bank still seeking to expand U.S. wealth business
Canadian Imperial Bank of Commerce’s sale of its minority stake in American Century Investments gives the lender more capital to expand its U.S. wealth-management business through other purchases, analysts including Barclays Plc’s John Aiken said.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.