CIT Group (CIT) may tie-up with Goldman Sachs for financing tie-up

Among regional lenders, troubled CIT Group (NYSE: CIT) moved up by almost 0.85% amid news from Dow Jones that the company is in talks with Goldman Sachs regarding a $3 billion loan tie-up.
This morning, a leading newspaper reported that CIT Group's recently proposed debt-restructuring plan, even if successful, may do little to fix up the company's troubled lending business.
CIT's ability to raise funds cheaply, however, remains limited due to low credit ratings and restrictions imposed by a banking regulator. The medium term chances for a rise in CIT, however, remain limited.