CNN/Money logo CNN/Money 1 month ago

CIT's long goodbye

To write a note to the editor about this article, click here. Furniture supplier Ray Steele relies on CIT's factor financing services to keep his company running. Full Article at CNN/Money

Related Topics:

  1. CIT GROUP INC
  2. Dunkin' Donuts, LLC
  3. Bank of America

Related Articles

  1. NewYorkBusiness.com logo
    CIT's filing raises new questions for clients
    1 month ago

    Worries still abound for apparel manufacturers and hospitals that use beleaguered CIT Group Inc. as a lender. Full Article at NewYorkBusiness.com

  2. Bloomberg.com logo
    CIT Group Judge Allows Reorganization on Fast Track, Seeks Dec. 8 Hearing
    1 month ago

    Nov. 3 (Bloomberg) -- CIT Group Inc. , the bankrupt 101- year-old commercial lender, can borrow an immediate $125 million and make intercompany loans as it attempts to exit bankruptcy on a fast track and keep its customers funded. Full Article at Bloomberg.com

  3. CIT Group files for bankruptcy
    1 month ago

    After struggling for months to avert bankruptcy, lender CIT Group has filed for bankruptcy protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses. Full Article at People's Daily Online

  4. National Post logo
    CIT Group files for bankruptcy
    1 month ago

    NEW YORK - CIT Group Inc , a century old commercial lender, filed for bankruptcy on Sunday, as the global credit crisis left it unable to fund itself and the recession left it with too many bad loans. Full Article at National Post

View all Related Articles »

Related Quotes

  1. This market-based solution allows CIT to enter into the reorganization process well-prepared and positioned for a swift emergence
    SOURCE: France 24 1 month ago
  2. If anything it may be psychological and weigh on people's mind about how things are overall. It adds to peoples' question marks about how healthy the economy is
    SOURCE: International Business Times 1 month ago
  3. The businesses that I'm talking to are very nervous
    SOURCE: CNBC 1 month ago
  4. In the best of times you would have seen a situation where other lenders would certainly have been willing to consider getting into this business
    SOURCE: CNBC 1 month ago
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Browse More Photos

Daylife is the web's largest archive of news photos

  1. David O'Day, center, and fellow traders gather at the post on the floor of the New York Stock Exchange that handles CIT Group, Thursday, Dec. 10, 2009. Shares of CIT Group are up sharply in their first day of trading after the lender emerged from bankruptcy protection.
  2. NEW YORK - NOVEMBER 02: The a sign hangs on the headquarters of CIT Group on November 2, 2009 in New York City. The 101-year-old financial lender filed for a pre-packaged bankruptcy plan on November 1.
  3. WASHINGTON - NOVEMBER 18: (L-R) Small Business Administrator Karen Mills, Treasury Secretary Timonthy Geithner and SHEEX Co-Founder Susan Walvisu (R) listen to Andy Cabral of Dunkin Donuts speak during a small businss financing forum at the Treasury Department November 18, 2009 in Washington, DC.
  4. NEW YORK - APRIL 08: Starbucks Corp. Chairman and Chief Executive Howard Schultz holds a cup of their new 'everyday' brew Pikes Place Roast in Bryant Park April 8, 2008 in New York City.
  5. MIAMI - FEBRUARY 26: Fernando Baguerio sips his 99 cent Dunkin' Donuts latte February 26, 2008 in Miami, Florida.
  6. MIAMI - FEBRUARY 26: Jennifer Iglesis hands a customer a 99 cent Dunkin' Donuts latte February 26, 2008 in Miami, Florida.
  7. Democratic presidential hopeful Illinois Senator Barack Obama (C) talks with Washington, DC Mayor Adrian Fenty as they wait for an order at a Dunkin Donuts on Capitol Hill in Washington, DC, on February 12, 2008. Virginia, Maryland and Washington, DC, hold their primaries today.
  8. MANCHESTER, NH - JANUARY 08: Democratic presidential hopeful Sen. Barack Obama (D-IL) shakes hands with children during a stop to buy doughnuts for campaign volunteers at a Dunkin' Donuts January 8, 2008 in Manchester, New Hampshire.
  9. US Democratic presidential candidate Illinois Senator Barack Obama makes an unplanned stop at a local Dunkin' Donuts 08 January 2008 in Manchester, New Hampshire.

Cast of Characters

  1. CIT GROUP INC CIT GROUP INC
  2. Dunkin' Donuts, LLC Dunkin' Donuts, LLC
  3. Bank of America Bank of America
  4. Barack Obama Barack Obama
  5. United States Department of the Treasury United States Department of the Treasury
  6. Washington Mutual, Inc. Washington Mutual, Inc.