June 14 (Reuters) - Canadian Imperial Bank of Commerce (CM.TO), Canada's No. 5 bank, said on Monday it agreed to buy Citigroup's (C.N) C$2.1 billion ($2 billion) Canadian MasterCard business, becoming a dual credit card issuer.
"Through this transaction, CIBC, which had more than C$14 billion in outstanding credit card balances at April 30, 2010, will become the largest dual credit card issuer in Canada," the Toronto-based bank said in a statement... read more»
