CIT Group Inc, which lends to nearly one million small and mid-sized businesses, signed off on a $3 billion deal late Sunday in rescue financing from a group of bondholders to avoid bankruptcy. And private equity firm Kohlberg Kravis Roberts & Co on Monday moved a step closer to gaining a stock-market listing.
For these stories and all the rest of the latest deals news from Reuters, click here.
And in the newspapers (some external links might require subscriptions):
* Lloyds Banking Group (LLOY.L) and the Royal Bank of Scotland (RBS.L) might have to sell part of their businesses under proposals to be announced by the opposition Conservatives on Monday, the Times newspaper reported.
* Vietnam’s Oricombank, 10 percent owned by BNP Paribas (BNPP.PA), could sell up to another 10 percent of shares to its French shareholder by year end, Oricombank’s chief executive was quoted in a report as saying. Reuters story here.