NEW YORK, July 17 (Reuters) - Shares of CIT Group Inc more than doubled on Friday after a source close to the company said the lender is in talks with JPMorgan Chase & Co and Goldman Sachs Group Inc for short-term financing. For details, see
CIT has been looking for ways to avoid a potential bankruptcy.
The stock traded up more than 100 percent at 89 cents. It closed at 41 cents on Thursday. Keywords: MARKETS STOCKS/CIT (caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393; Reuters Messaging:caroline.valetkevitch.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
CIT has been looking for ways to avoid a potential bankruptcy.
The stock traded up more than 100 percent at 89 cents. It closed at 41 cents on Thursday. Keywords: MARKETS STOCKS/CIT (caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393; Reuters Messaging:caroline.valetkevitch.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.