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October 27, 2017  

Bank Takeover Prompts More Exits at CIBC

Three more managing directors have left CIBC’s commercial real estate lending operation in the wake of the bank’s takeover of Chicago-based PrivateBank.James Baranello, Eli Hattem and Susan Robinson exited the Canadian bank’s New York outpost within the past week or so. Their departures came as CIBC continued reorganizing its team following the $5 billion acquisition of PrivateBank in June.The latest moves follow the midyear...

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