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Resolution expected soon for CIT liquidity crisis-source
WASHINGTON, July 15 |
WASHINGTON, July 15 (Reuters) - The U.S. government plans to have a resolution for lender CIT Group's (CIT.N) liquidity crisis within the next 24 hours, a source familiar with government thinking said on Wednesday.
Discussions among government officials are ongoing, but a resolution is expected soon, the source said, speaking anonymously because the plans could change.
Shares of CIT were halted on Wednesday afternoon. (Reporting by Karey Wutkowski and Rachelle Younglai; editing by Carol Bishopric)
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