CIBC’s investment in the Bank of N.T. Butterfield & Son might not be the best possible decision at this point in time. I have to agree with Moody’s on this one. Canadian Imperial Bank of Commerce said they’re going to inject $150 million (yes, that’s $150,000,000) into the Bermuda bank with ties to the big mess of subprime mortgages in the US.

CIBC is out as far as I’m concerned. This was a foolish move to say the least.