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 tries to avoid bankruptcy, according to a regulatory filing.
group sharesCIT Group shares dive as government aid uncertainNewsvine - business Fri, 07/10/2009 - 08:10
Shares of commercial lender CIT are falling as uncertainty mounts over whether it can get federal backing for its bonds. |
