CIT files for Chapter 11 bankruptcy protection

CIT files for Chapter 11 bankruptcy protection
Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing to the thousands of mid-sized and small businesses.

Commercial lending giant CIT files bankruptcy
Lender CIT Group has filed for Chapter 11 bankruptcy protection, a potential blow to the thousands of small and mid-sized businesses that rely on the company for loans.

Another Obama-Backed Company Goes Bankrupt
The parent company of an electric car battery maker that received a $118 million grant from the Obama administration filed for Chapter 11 bankruptcy protection on Thursday.

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