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CIT GROUPS FUTURE REMAINS UP IN THE AIR AFTER BANKRUPTCY FILING
November 3, 2009
The 101-year-old lender's months-long financial struggles have been a boon to rivals, which have picked up hundreds of its clients. On the heels of its bankruptcy filing, CIT Group Inc.'s future as a commercial lending giant will be determined by the confidence of its creditors and customers.Related Commercial Bankruptcy Stories:
- Small-Business Bankruptcy Filings Up 81% in June, Equifax Data Shows..
- U.S. businesses file for bankruptcy at a faster rate..
- Wells Fargo, other banks hurt by credit losses..
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