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Cit Bankruptcy

Goldman Sachs To Be Paid $1 Billion If CIT Fails; Taxpayers Would Lose $2 Billion

Financial Times | By Henny Sender and Saskia Scholtes | Posted 10.04.2009 | Business

Read More: Chapter 11, Goldman Sachs, Credit Default Swaps, Finance, CIT Bankruptcy, Treasury, Cit, Timothy Geithner, Bankruptcy, Geithner, Lenders, Bailouts, Blankfein, Lloyd Blankfein, Business News

Goldman Sachs stands to receive a payment of $1bn -- while US taxpayers would lose $2.3bn -- if embattled commercial lender CIT files for Chapter 11 b...

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CIT Gets $3 Billion Rescue Loan To Prevent Bankruptcy

AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 08.19.2009 | Business

Read More: CIT Bankruptcy Deal, Cit, CIT Bondholders, CIT Bankruptcy, Business News

NEW YORK — Commercial lender CIT Group Inc. confirmed late Monday that it has secured a $3 billion bailout from its bondholders, averting an imm...

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CIT Explained: What If It Fails?

AP | CANDICE CHOI | Posted 08.16.2009 | Business

Read More: CIT Failure, Cit, CIT Bankruptcy, Cit Group, Business News

NEW YORK — You may not have heard of CIT Group Inc., but there's a good chance you've shopped in stores that it helps keep in business. The New...

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