UPDATE 1-Canada’s CIBC lost $64 million in a day on paper in gold market turmoil
Canadian Imperial Bank of
Commerce (CIBC) took a mark-to-market trading loss of
C$88.2 million ($64 million) in one day in March due mainly to
volatility in the gold market, the bank said in its
second-quarter earnings report on Thursday.
Commerce (CIBC) took a mark-to-market trading loss of
C$88.2 million ($64 million) in one day in March due mainly to
volatility in the gold market, the bank said in its
second-quarter earnings report on Thursday.
Posted by Reuters
