![]()
Bloomberg reports that CIT may have become a more attractive takeover target now that the Federal Reserve Bank of New York lifted sanctions against the company that had restricted dividends, buybacks, severance payments and hiring since 2009.
The report cites an analyst also saying that if CIT doesn’t sell in the near-term, it will now have more flexibility to buy loan portfolios and other assets.
To read the full Bloomberg report, click here.