At first blush, Canada's second-largest bank seems an unlikely home for a group of junk bond pros from Drexel Burnham Lambert.

But two years after Canadian Imperial Bank of Commerce bought the Argosy Group, both parties say the relationship is working just fine.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.