Word Awaited on CIT’s Fate as Trading Is Halted

Reports: CIT may have avoided bankruptcy
Commercial lender CIT Group's board is due to meet Sunday night to discuss options to allow the company to avoid bankruptcy, according to a person briefed on the talks.

CIT’s bailout denial raises bankruptcy threat
CIT Group Inc.’s inability to get emergency government funding raises expectations that the commercial lender will file for bankruptcy.

Government will not give lender CIT 2nd bailout
Struggling commercial lender CIT Group Inc. says the government will not give it another bailout.

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