Reports: CIT may have avoided 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...

CIT Group records $1.68 billion 2Q loss
Struggling commercial lender CIT Group says it lost $1.68 billion in the second quarter.

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.

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