Capital Source Inc. may have found a new source of capital to fund its lending business. The middle-market business lender that's part of Dealscape's Liquidity Watch
has agreed to acquire the banking assets of troubled subprime lender Fremont General Corp., which operates 22 branches in California.
The access to a deposit base and branch network will give Capital Source a stable source of funding for its corporate lending business. The deal pleased Wall Street sending Capital Source's stock up $1.44, closing at $11.92 a share. See how the rest of the firms faired Monday. -
The editors
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