FROM THE LINK: Despite the hit in loan losses, CIBC has done extraordinarily well on GC given its initial investment of just $30-million (U.S.). Mr. McLeod said that during the past three years, the bank has "realized more than $2-billion (Canadian) in revenues" from its association with the company, excluding investment banking fees.
CIBC will also profit some $350 mill after closing out hedged futures contracts.