CIT Group's office in New YorkSeth Wenig
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CIT an acquisition target
CIT Group Inc. has been transformed from bankrupt basket case to an appealing takeover target, and Toronto-Dominion Bank has been identified as a possible suitor, according to Bloomberg.
While its debt remains in junk territory and its shares trail its peers, CIT earns more on its loans than almost any other U.S. bank and is on track to post its biggest profit since emerging from bankruptcy in 2009.
Libor scandal may claim RBS exec
The New York Times is reporting that Ryusuke Otani, a senior executive at the Royal Bank of Scotland's Japanese investment banking unit, will likely step down by the end of this week as a result of the Libor rate-rigging affair.
Disastrous PC sales may help Michael Dell
The 12.7 per cent drop in computer sales from this time last year may play into Mr. Dell's hand as he tries to convince shareholders that more pain is in store if they stick around.
Goldman's metals warehouse up for sale?
Reuters is reporting that Goldman Sachs may be looking for a buyer for its metals warehousing business Metro International LLC, for which it paid $550-million three years ago.
Inside Dan Loeb's Japan bet
Third Point LLC honcho Dan Loeb gets specific on the process he used for his Japanese macro trade.
(Jody White is the Web Editor for Streetwise.)
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