Topic: CIT Group Inc.
All Content
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Week ahead: new transparency at the Fed and a gusher of earnings
The Fed will hold its first-ever quarterly briefing, and new data will likely reveal sluggish economic growth for the first quarter
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The Entrepreneurial Mind
Another view of small business owners' thinking
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CIT announces survival plan. But are lenders out of the woods yet?
CIT, a lender to small and mid-size businesses, launches a restructuring plan to avoid bankruptcy. The bid comes as the credit markets are still dealing with a tide of bad loans.
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CIT plight hints at more bankruptcies ahead
According to Standard & Poor's, 181 companies this year have defaulted on their debt – four times the number last year.
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The New Economy
US stocks enjoy biggest weekly rise since March
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Would a CIT failure derail the economy?
Plans for a government bailout of small-business lender collapsed Wednesday.
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Is US poised to bail out another financial institution?
CIT is one of America’s largest lenders to small businesses. It also made many subprime mortgage loans and is now seeking US assistance.
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Wall Street's crisis hitting small business
Some companies are having problems getting loans, and others are being informed of reduced credit lines.








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