TITLE

CIT's Next Step

AUTHOR(S)
Colter, Allison Bisbey
PUB. DATE
January 2010
SOURCE
Mergers & Acquisitions Report;1/18/2010, Vol. 23 Issue 3, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article discusses a funding strategy being adopted by CIT Group as part of its business plan in 2010. It highlights the plan of the U.S. commercial finance company to transfer some of its core businesses into its bank in Utah. It also indicates the intention of the company to gather deposits to finance its core businesses. The need for regulatory approval for the plan is noted.
ACCESSION #
47661065

 

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