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CIT Group's biggest hurdle: Keeping customers
NEW YORK - A Chapter 11 filing usually means the end of the road for financial companies since they rely so heavily on customer trust. CIT Group Inc. is hoping that its case will be different.
People:Timothy Geithner Activities:2009 CIT Group Crisis Source:(AP)
2009-11-02
CIT files for Chapter 11 bankruptcy protection
WASHINGTON - After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses.
People:Carl Icahn Activities:2009 CIT Group Crisis Source:(AP)
2009-11-01
CIT moves closer to pre-packaged bankruptcy approval
NEW YORK (Reuters) - CIT Group (CIT.N) has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said, bringing the commercial lender one step closer to the fast bankruptcy process it is seeking to lower its liabilities and get back to health.
People:Carl Icahn Activities:2009 CIT Group Crisis Source:(Reuters)
2009-10-30
CIT seen filing for bankruptcy in coming days
NEW YORK (Reuters) - CIT Group (CIT.N) is likely to file for bankruptcy in the coming days, analysts and experts said.
People:Carl Icahn Activities:2009 CIT Group Crisis Source:(Reuters)
2009-10-29
Ailing CIT gets $4.5 bln loan, rejects Icahn offer
WASHINGTON (AFP) - US lender CIT Group said Wednesday it had received an additional 4.5 billion dollar loan as it tries to avoid bankruptcy, dismissing billionaire investor Carl Icahn's last-minute loan offer.
People:Carl Icahn Activities:2009 CIT Group Crisis Source:(AFP)
2009-10-28
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