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CIBC Invests in Bank of N.T. Butterfield & Son Ltd.

CIBC Invests in Bank of N.T. Butterfield & Son Ltd.
Canadian Imperial Bank of Commerce (CIBC) expanded its international presence with acquiring a minority interest in Bermuda based The Bank of N.T. Butterfield & Son Limited. Under the terms of the transaction, CIBC has invested US$150 million as part of a US$550 million recapitalization of Butterfield. The Carlyle Group and several other institutional investors have invested the ... Full story
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