CIT Will Not Receive Further Govt. Assistance

CIT Group Inc., a leading provider of financing to small businesses and middle market companies, announced Wednesday that it is unlikely to receive additional government support in the near future. The board of directors and management is looking for alternative financing, according to a statement released by the company Wednesday. Dunkin' Donuts and Dillard's department stores are two of CIT's major clients who were anxiously awaiting news on the company's fate Wednesday. The lender, in...Full Story
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