09:49 AM EST - Canadian Imperial Bank of Commerce : announced that it is broadening its reach in the Canadian marketplace through the acquisition of a $2.1-billion credit card portfolio from Citigroup Inc.'s Canadian MasterCard business. Through this deal, Canadian Imperial Bank of Commerce, which had more than $14 billion in outstanding credit card balances at April 30, 2010, will become the largest dual credit card issuer in Canada. Canadian Imperial Bank of Commerce
shares T.CM are trading up $0.31 at $73.00.
