| CIT debt offer by obscure fund raises questions |
| But Ortega told Reuters, "We have an institutional-class investor that is interested in supporting it." The financing is contingent on CIT accepting the offer. |
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Bank regulator Bair supports homeowner aid plan
WASHINGTON (Reuters) - Simply modifying troubled loans will not resolve the current U.S. housing crisis, a leading bank regulator told lawmakers on Wednesday, adding that a government backstop for tro...
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Federal Trust Corporation Announces Commencement of $35 Million Common Stock Offering (PR Newswire)
Federal Trust Corporation today announced that it is commencing a $35.0 million offering of common stock to its shareholders and a limited number of other investors to improve the capital and liquidity position of Federal Trust Corporation and its subsidiary, Federal Trust Bank.