Oil prices fell Monday even as encouraging quarterly company earnings reports and word that CIT Group Inc. bondholders would keep the commercial lender out of bankruptcy raised hopes about an economic recovery.
CIT Group adopts tax plan, signs deal with NY Fed
CIT Group Inc. and the Federal Reserve announced Thursday an agreement which gives the central bank greater oversight of the troubled commercial lender.
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...
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...
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