Jul 19th, 2009 - Reuters
NEW YORK (Reuters) - CIT Group Inc has reached a tentative deal with a bondholder group for $3 billion in rescue financing, which the lender hopes will help it avoid bankruptcy, a source close to the situation said on Sunday.
The bondholder group, which includes Pacific Investment Management Company (Pimco) and some other top CIT holders, is expected to provide the financing with a 2 1/2-year term, the sources said.
Related stories:
US's Geithner says confident can deal with CIT
Jul 13th, 2009 - Reuters
LONDON, July 13 (Reuters) - U.S. Treasury Secretary TimothyGeithner said on Monday he was confident the government would beable to deal with ailing financial company CIT Group Inc.
CIT Group Scrambles to Survive
Jul 12th, 2009 - Wall Street Journal
CIT Group Inc. officials spent the weekend trying to hash out a plan that would help calm markets and convince customers and investors that it can work its way out of a deepening liquidity crunch. Over the weekend...
Related videos from YouTube:
8:08Robert Jackson denouncing the tentative Mayoral Control Deal for NYC Public Schools
Press conference on the steps of City Hall on Tuesday, July 28, 2009 at 1:00 PM with State Assemblymember Inez D. Barron, 40th Assembly District Kings, City Council Member Charles Barron, District 42 ...
9:54Inez D. Barron denouncing the tentative Mayoral Control Deal for NYC Public Schools
Press conference on the steps of City Hall on Tuesday, July 28, 2009 at 1:00 PM with State Assemblymember Inez D. Barron, 40th Assembly District Kings, City Council Member Charles Barron, District 42 ...
2:12City, police have tentative ombudsman deal
The City of Spokane is getting closer to creating an ombudsman office and part of the initiative took place Thursday when the watchdog for Boise's police department visited Spokane to discuss how the office could work. KXLY4's Erik Loney reports.
5:19Charles Barron denouncing the tentative Mayoral Control Deal for NYC Public Schools
Press conference on the steps of City Hall on Tuesday, July 28, 2009 at 1:00 PM with State Assemblymember Inez D. Barron, 40th Assembly District Kings, City Council Member Charles Barron, District 42 ...
