CIT Group Completes Financing Facility With Wells Fargo

November 4, 2008 10:10 AM |

The credit crunch appeared to thaw with financial services firm CIT Group Inc. (NYSE: CIT) completing a $500 million financing facility with Wells Fargo & Co. (NYSE: WFC).  Shares of CIT Group surged $1.63 to close at $6.15 while Wells Fargo stock rose $1.31 to close at $35.11.


 

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