CIT Group amends debt restructuring offer

CIT still might face bankruptcy after debt swap
Struggling lender CIT Group Inc. warned Monday that it might still have to file for bankruptcy protection even if it completes a revised debt restructuring plan.

CIT secures $3 billion financing from bondholders
Commercial lender CIT Group Inc. confirmed late Monday that it has secured a $3 billion bailout from its bondholders, averting an immediate bankruptcy filing and giving the company some...

Private rescue of CIT marks shift in crisis
With bondholders coming to the rescue of troubled commercial lender CIT Group Inc., and not the government, a new reality is setting in for investors.

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