CIT Group News

Bear Stearns shocked us. Lehman Brothers crushed us. AIG ticks us off. But CIT? Eh.

The announcement earlier this week that CIT Group was filing for bankruptcy was something many in the small-business world expected - but had hoped wouldn't happen.

CIT Group, which filed for Chapter 11 bankruptcy protection Nov. 1 in an effort to wipe away billions of dollars of debt, said it's still business as usual for its factoring arm.

A North Carolina pork producer has filed for bankruptcy after complaints from unpaid vendors and falling pork consumption tied to swine flu fears.

Small businesses and particularly retail-related companies could face problems in securing funding to expand, restock and survive in the new year with CIT Group Inc.

The second loss from the government's Troubled Asset Relief Program, or TARP, may come from the failure of San Francisco-based bank UCBH Holdings.

The bankruptcy of CIT Group, a leading United States financier of small and medium-sized enterprises, will not immediately have a severe impact on trade with China, including Hong Kong, because its operating units will continue to provide funds.

FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 2 of CIT GROUP BANKRUPTCY NEWS today.

Close See a sample reprint in PDF format. Order a reprint of this article now SMALL BUSINESS NOVEMBER 3, 2009, 2:14 P.M. ET By EMILY MALTBY CIT Group Inc.

From American Banking News: In what could only be considered a bizarre decision by the judge, he approved a proposed temporary restraining order from CIT Group which will keep lenders from collecting on losses coming from the CIT Group/Equipment Finance Inc.

CIT Group vs: Citigroup: is CIT Group related to Citigroup? CIT Group filed for bankruptcy - does that mean anything for Citigroup? All these questions are filling the minds of investors as yet another bankruptcy takes the country by storm.

CIT Group Inc. filed for bankruptcy Sunday afternoon, after getting approval on most of the details from its creditors.

Wilmington Trust Corp. said Wednesday it has not loaned money to CIT Group Inc. and therefore is not a creditor in the commercial lender's bankruptcy.

Filed under: Before the bell , International markets , Ford Motor , Market matters , CIT Group , Economic data , Oil , Financial Crisis U.S. stock futures were significantly higher Monday morning, with Wall Street ready to start November on a solid note following Friday's sharp selloff.

Even in a city known for banking, "CIT Group" is not a familiar name to many. So the news that CIT is filing for bankruptcy probably set off few alarms.

CIT Group Inc is looking for a quick exit from Chapter 11 protection but its long-term survival outside of bankruptcy depends in large part on what regulators will allow it to do with its various businesses.

Lender CIT Group has filed for Chapter 11 bankruptcy protection, a potential blow to the thousands of small and mid-sized businesses that rely on the company for loans to keep their operations afloat.

CIT Group's filing for Chapter 11 protection is the fifth-largest in U.S. history.

Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing to the thousands of mid-sized and small businesses.

CIT Group Inc., the bankrupt 101-year-old commercial lender, sought a judge's permission to borrow another $500 million and block some lenders' demands as it acknowledged challenges to a quick reorganization.