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carl icahn, bankruptcy
(Image from article: "CIT Group Files for Chapter 11 Bankruptcy Protection")

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CIT Group Files for Chapter 11 Bankruptcy Protection

CIT Group Files for Chapter 11 Bankruptcy Protection

CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a US bailout and ...

 

CIT's $6bn loan offer from Icahn

CIT, the troubled American bank, is offered a $6bn rescue loan from investor Carl Icahn as it tries to avoid bankruptcy.

 

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