CIT Group
Latest CIT Group News
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Economy's funk isn't claiming a lot of companies, so far
bankruptcy protection amid a record year for defaults. And the financial pain continued with small-business lender CIT Group filed that year as well. Blockbuster filed for bankruptcy in 2010 and bookseller Borders Group was a high-profile casualty
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'Right to Be Outraged:' Pay Czar Slams Banks for Executive Pay After BailoutsAmerica, Boston Private Financial Holdings, Capital One, CIT , Citigroup, JP Morgan Chase, M&T Bank, Morgan Stanley that have not fully reimbursed the Treasury Department are CIT Group , SunTrust Banks, Regions Financial, M&T Bank, Citigroup
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GMAC CEO de Molina Resigns, Carpenter Takes Over
form of such funding.” Carpenter, GMAC said, has been a board member since May 2009. He resigned from the board of CIT Group – another troubled lender that filed for bankruptcy on November 1 -- to “devote his full attention to his new role at
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Today’s Qs for O’s WH – 11/3/2009
working through with the Afghan government. TAPPER: The CIT bankruptcy , do you guys have any response to that? It's $2 just going to vanish into thin air. GIBBS: Obviously, CIT received, as you mentioned, several billion dollars
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CIT 'Hanging by Their Fingernails': Source
Remember CIT ? The major lender to small bankruptcy in July? Now, CIT Group Inc . is back on the brink by their fingernails." CIT had no comment. The last-ditch this year, even though a CIT bankruptcy could be one of the biggest
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Stocks reverse early losses to close higher; Dow posts 8th straight gain
Greenberg, who could help bring private capital to the company. AIG shares have more than doubled in eight days. CIT Group Inc . jumped 22.8%, adding 29 cents to $1.56. Citigroup rose 42 cents, or 9.1%, to $5.05. Shares of Boeing
News
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Key lender CIT posts $1.68B loss, threatens bankruptcy
the completion of the tender offer, CIT is still facing some challenges. It more debt is due to mature next year. CIT Group , one of the nation's largest lenders operations to remain in business. CIT used to rely heavily on cheap, short-term
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CIT gets enough takers on debt repurchase program
CIT Group on Monday cleared another hurdle in its restructuring effort as it attempts the $1 billion in bonds due Aug. 17 have been tendered for repurchase. CIT Group has said failing to complete the offer could result in a bankruptcy filing
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CIT gets enough takes on debt repurchase program
CIT Group on Monday cleared another hurdle in its restructuring effort as it attempts the $1 billion in bonds due Aug. 17 have been tendered for repurchase. CIT Group has said failing to complete the offer could result in a bankruptcy filing
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CIT Group sweetens debt buyback offer
Small-business lender CIT Group cit said Friday it has sweetened some terms of a buyback pursue a restructuring through other unspecified ways. CIT Group , one of the nation's largest lenders to small and midsize
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Stocks give back some of the week's gains
the company beat Wall Street's expectations. Microsoft msft shares fell, and Amazon.com amzn shares dropped. CIT Group was back in focus. The troubled commercial lender said it is amending the terms of a tender offer for its notes and warned
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CIT Group amends its debt buyback offer
Small business lender CIT Group cit said Friday that it's amending the terms of a tender July 31 for a total of $825 per $1,000 in principal. CIT Group , one of the largest lenders in the U.S. to small and
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GE gets green light to leave U.S.'s guarantee program
General Electric said Wednesday that it has begun to exit a program that allows companies to issue debt backed by the federal government, a tool the industrial and financial conglomerate used to raise money during the credit crunch. GE ge said the Federal Deposit Insurance Corporation approved its
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Business Report (7.20.09)struggling small and midsize business lender CIT group . The company's major bondholders have keeping it out of bankruptcy. The bailout by CIT time to restructure billions of dollars in debt payments CIT lends to about a million businesses many
A lifeline for struggling small and midsize business lender CIT group . The company's major bondholders have reportedly agreed to an emergency loan of three billion dollars keeping it out of bankruptcy. The bailout by CIT time to restructure billions of dollars in debt payments CIT lends to about a million businesses many of them retailers. A report out today finds fault with the government's 700 billion dollar -
Doorman Calls Girl 'Fat,' Denies Entryable Baghdad. Today she needs to prove that she's volunteered time bring Andrew. If you are special what would you do CIT group . Fired up arousal offset if it wasn't for my that went on Friday I would turn around five minutes after the bills that
-- bring Andrew. If you are special what would you do -- CIT group . Fired up arousal offset if it wasn't for my -- -- -- that went on Friday I would turn around five minutes -
Market Sneak Peaktake over at. The century old lender CIT group this is a tough job to take on because Paper market is no longer supporting CIT 's business that's what had been the US economy needs to recovering a CIT is a lender I think 3000 small and
He is now going to take over at. The century old lender CIT group -- this is a tough job to take on because. This bank. Remember had its problems going his -- missing some debt payments and now John -- is gonna take over. The commercial Paper market is no longer supporting CIT's business that's what had been keeping it afloat in the past. But still this is a kind of business as John Thain says that the US economy needs to recovering a CIT is a lender -- -- I think 3000 small and medium size businesses and this is where as even hearing that He -
Business Report (07.16.09)year and stay high for several years. Struggling lender CIT group has been denied a federal bailout by the Obama administration companies may be forced into bankruptcy. The failure of CIT could have a ripple effect among small businesses. Wal-Mart
top 10% this year and stay high for several years. Struggling lender CIT group has been denied a federal bailout by the Obama administration. The company which provides loans to about one million small and midsize companies may be forced into bankruptcy. The failure of CIT could have a ripple effect among small businesses. Wal-Mart is unveiling a new Green initiative today the world's largest retailer will tell
