FILE - Lender CIT... CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New York after months of struggling to avoid collapse. Chairman and CEO Jeffrey M. Peek said the company's prepackaged reorganization plan... [read full story]
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The recent filing for bankruptcy by the New York-based CIT Group could hit the textile and apparel export sector in India, since it was one of the financing companies which used to provide short term financing to small and...
CIT urges creditors to support restructuring plan * CIT says without creditor support, it will have to file * CIT says disorderly bankruptcy would hurt bondholders * Carl Icahn suggests alternatives to plan * Company violated...
Paul Volcker goes on the record about the economic recovery, with CNBC's Maria Bartiromo. Maria's Market Message 02 Nov 2009 CNBC's Maria Bartiromo discusses the day's top business and financial stories, and looks ahead to...
CIT's move to bankruptcy court means more instability for struggling retailers facing holidays notes Charles Goh CEO and Chairman at Takahashi Nakamura in Japan. CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday...
According to SpendMatters , one big reason the government burned through $2.3 billion in TARP funds for CIT even though it was buckling under debt was to try to avoid ruining everybody's Christmas this year. Jason Busch at...
Story Published: Nov 2, 2009 at 9:02 AM PST WASHINGTON (AP) - CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New York after months of struggling to avoid collapse. CIT expects to emerge from bankruptcy by...
Story Published: Nov 2, 2009 at 9:02 AM PST WASHINGTON (AP) - CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New York after months of struggling to avoid collapse. CIT expects to emerge from bankruptcy by...
In the first column in this series on CIT's bankruptcy and the retail supply chain, Kurt Cavano, Chairman and CEO of TradeCard, provided background perspective on CIT's historic role and fit within the industry. In this post,...
Posted by: Stacy Perman on November 02 After several months of twists and turns in an effort to avoid bankruptcy, on Sunday CIT Group put an end to its ongoing saga and indeed filed for a prepackaged bankruptcy plan. The...
The bankruptcy of a key lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season. CIT Group Inc. filed for Chapter 11 bankruptcy protection Sunday in New...
