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CIBC's US dream hangs in balance as PrivateBancorp deal drags on

CIBC chief executive Victor Dodig says that the bank "will be disciplined and we will be patient when it comes to price".


CANADIAN Imperial Bank of Commerce's insistence on keeping its discipline while assessing whether to increase its US$2.9 billion bid for Chicago-based PrivateBancorp leaves the bank's US expansion plans in the balance.

PrivateBancorp postponed a shareholder vote on the deal

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