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CIBC sells 50% of credit card portfolio to TD Bank Group

31 December 2013 - Canadian banking firm CIBC (TSX: CM) (NYSE: CM) said it has completed the transactions with Aimia and TD Bank Group that were announced on September 16, 2013.

CIBC said it has sold approximately 50% of its existing Aerogold Visa portfolio, consisting primarily of credit...  

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