NEW YORK - The question swirling around Regions Financial the Alabama based bank will be if it is acquired by another company. Bruce Berkowitz who runs Fairhome Capital Management said "We own Regions. Great low cost deposit base. We also have CIT. We're the largest owner. CIT is a great business. What a sweet spot they're in: small business loans. Medium business loans. If there's any company that's needed today it's CIT. The only thing CIT needs is a low cost deposit base. Gee I'm going to have to think of some candidates on that one."
However it seems questionable a company which just emerged from Bankruptcy like Cit Group would venture into such a risky acquisition. Will Regions be sought after or will it be rejected?
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