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Two creditors from the steering committee of CIT s bondholders have resigned, Bloomberg have reported. Pacific Investment Management Company (PIMCO) and (more…)
#CIT#funding#investment
According to a report by CreditSights Inc., CIT s plans for restructure have very little hope of succeeding. The report,…
#bonds#CIT#liquidity
In a filing, CIT Group said it was unable to file its quarterly report for the period ended June 30,…
#CIT#funding#liquidity
Shares in troubled lender CIT Group Inc. dropped more than 20% by the close of trading Monday amid fears the…
#alternative financing#bankruptcy#CIT
Troubled lender CIT Group Inc. today announced that it has amended its pending tender offer for its $1bn of Floating…
#CIT#small businesses
Troubled lender CIT Group has announced that it will give $1 billion of that money to its trade finance unit…
#bankruptcy#Boost#CIT
CIT Group Inc. are believed to have reached an agreement securing a $3billion funding package in last-minute rescue financing (more…)
#bank#bankruptcy#CIT
US factoring provider CIT Group has been left hurtling towards likely bankruptcy after the US government rejected its plea for…
#bank#CIT#liquidity
CIT Group Inc., a leading provider of factoring services and funding to SMEs, today announced the results from its annual…
#bank#CIT#management
GMAC applies for status as a bank holding company to gain access to a $700 billion Treasury rescue fund. (more…)
#bank#CIT#guarantees
With the current credit crisis wreaking havoc on Wall Street, factors are cutting the amount of credit available in transactions…
#cash-flow#CIT#receivables
The economy has slowed, credit quality is suffering, and lenders must pick and choose customers carefully. The perfect time for…
#bank#CIT#commercial finance
Wachovia Capital Finance of Canada has appointed Ramesh Kashyap as regional business development manager. (more…)
#bank#cash-flow#CIBC