All Entries Tagged With: "Cit Group"
CIT Group: Leaner and Stronger After Bankruptcy
It does seem strange just a couple of years ago, just the mention of multibillion-dollar company going bankrupt would have sent the stock market into a panic. Now we just nod our heads and wonder who is next.
Cit Group vs. Citigroup: The difference and bankruptcy
As you may have read in a recent post published CIT group have listed $71 billion in assets and $64.9 billion in liabilities in a Chapter 11 petition yesterday at a U.S. Bankruptcy Court in Manhattan. This group is not to be confused with Citigroup.
Cit Group Bankruptcy: Chapter 11 petition
Over 100 years old CIT group Inc, the commercial lender saw its funding dry up in the credit crunch, filed for bankruptcy in an effort to cut $10 billion in debt. CIT listed $71 billion in assets and $64.9 billion in liabilities in a Chapter 11 petition yesterday at a U.S. Bankruptcy Court in Manhattan.