Troubled lender CIT Group said it has delayed filing its quarterly report with regulators and said if it couldn't complete its debt tender or arrange other financing, it would file for bankruptcy.
CIT Files for Bankruptcy
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...
Ahead of the Bell: CIT Group
Shares of CIT Group Inc. plummeted nearly 20 percent in premarket trading Tuesday, as the commercial lender delayed filing its quarterly report because of ongoing restructuring efforts as it...
Reports: CIT may have avoided bankruptcy
Commercial lender CIT Group's board is due to meet Sunday night to discuss options to allow the company to avoid bankruptcy, according to a person briefed on the talks.
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