Home>Topics>>Exclusive: CIT has explored possible sale - sources

Exclusive: CIT has explored possible sale - sources

Reuters: Business News

Fri, 8 Feb 2013

NEW YORK (Reuters) - CIT Group Inc had preliminary talks over the past year and a half to sell itself to banks, including Toronto-Dominion Bank and Wells Fargo & Co , but nothing came of the conversations, according to three people familiar with the specialty finance company.

Related Videos

  1. Berkowitz: We're Entering a Constructive Period

    Thu, 4 Feb 2010

    The Fairholme manager on looking forward to the next decade; plus, comments on the fund's CIT and Winthrop stakes.

  2. Wells Fargo Succeeds by Keeping It Simple

    Thu, 30 Sep 2010

    Wells Fargo does a good job of executing the old banking mantra: pay depositors 3%, lend at 6%, and be on the golf course by 3 p.m.

  3. Vaselkiv on Opportunity in Bankruptcies

    Mon, 7 Jun 2010

    The T. Rowe Price High-Yield manager discusses the firm's investment in the debt of companies emerging from bankruptcy, including Lyondell, GM, and CIT Group .

  4. Dorsey: Two Simple Reasons to Own Wells Fargo

    Fri, 20 Aug 2010

    Two advantages and a compelling valuation make this bank worth holding, says Morningstar's director of equity research.

Content Partners