Nov 2nd, 2009 - Bloomberg
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Nov. 2 (Bloomberg) -- Japan’s government bonds advanced bythe most in a month on speculation investors sought the relativesafety of debt after CIT Group Inc. filed for bankruptcy.
Benchmark 10-year yields fell from near an 11-week high asthe Nikkei 225 Stock Average slid the most in four weeks. CIT,the 101-year-old commercial lender, listed $71 billion in assetsand $64.9 billion in debt in a Chapter 11 filing in the U.S.Bankruptcy Court for the Southern District of New York.
Related stories:
Retailers 'Dodge Bullet' With CIT's November Bankruptcy Filing
Nov 3rd, 2009 - Bloomberg
Nov. 3 (Bloomberg) -- The timing of CIT Group Inc.’sbankruptcy filing may have helped U.S. retailers avoid a holidayseason with empty shelves. “Most retailers have dodged a bullet,” said CraigShearman...
After bankruptcy, CIT’s next hurdle is to keep its base
Nov 2nd, 2009 - Boston
NEW YORK - A Chapter 11 filing usually means the end of the road for financial companies since they rely so heavily on customer trust. CIT Group Inc. is hoping that its case will be different.
CIT's Bankruptcy May Help Bondholders and Erase Taxpayer Stake
Nov 2nd, 2009 - Bloomberg
Nov. 2 (Bloomberg) -- CIT Group Inc.’s decision to seekcourt protection probably will keep money flowing to bondholdersand 1 million customers of the 101-year-old commercial lender.
CIT failure to leave small businesses floundering
Nov 1st, 2009 - Reuters
* CIT's $42 bln factoring business in doubt * Small businesses still facing credit crunch NEW YORK, Nov 1 (Reuters) - CIT Group Inc's (CIT.N)bankruptcy filing, while long expected...
Icahn backs CIT plan, agrees to make $1b loan
Oct 30th, 2009 - Boston
NEW YORK - Commercial lender CIT Group Inc. said yesterday that billionaire investor and bondholder Carl Icahn agreed to support the company's restructuring plan amid reports CIT may soon file for bankruptcy protection.
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4:59CIT Bankruptcy, 9 U.S. Banks seized by FDIC, & Main St. Bleeds. VisionVictoryManifesto.com
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4:30CIT Bankruptcy; 9 More Banks fail; Personal Update
9 banks fail in 1 day; $2.5 billion hit to FDIC insurance fund www.marketwatch.com CIT Files Bankruptcy www.washingtonpost.com Please support other channels that expose the truth. youtube.com youtube.com youtube.com youtube.com youtube ...
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7:28Market Technical Analysis & Setups - Market Reverses On Heavy Volume As CIT Bankruptcy Looms!
InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing ...
