NEW YORK (Reuters) - CIT Group Inc, a century-old commercial lender, filed for bankruptcy on Sunday, as the global credit crisis left it unable to fund itself and the recession left it with too many bad loans.
Reuters: Top News, Reuters
Sun, 11/01/2009 - 2:32pm
NEW YORK (Reuters) - CIT Group Inc, a century-old commercial lender, filed for bankruptcy on Sunday, as the global credit crisis left it unable to fund itself and the recession left it with too many bad loans.