Topic: CIT Group Inc.

The Rejection of CIT

CIT (CIT) had friends, but not enough - and maybe this tells us something about the shifting political sands. is CIT too big - on its liabilities side - to fail? In the final analysis, CIT wasn't even big enough to meet ...
The struggling commercial lender said its discussions with government agencies have ended and that its board is evaluating alternatives for the company, which is facing a worsening liquidity crisis after its customers drew down hundreds of millions of dollars from their credit ...