Gordian Group LLC's Peter Kaufman says it's unclear if regulators will approve CIT Group Inc.'s (NYSE:CIT) prepackaged bankruptcy reorganization plan, which includes transferring its core businesses to CIT Bank. Without the FDIC's approval of the transfers, CIT could fall into liquidation, as CIT
president and chief operating officer Alex Mason acknowledged to Michael Rudnick in The Deal magazine's
Back to plain vanilla?. Kaufman says if CIT does get the approval to transfer those businesses in Chapter 11, it may still be damaged goods. See the video below or
download it at iTunes. - Maria Woehr
Whether a lender modifies a loan will depend on such factors as credit, regulatory, accounting and legal considerations in connection with a potential debt modification.
For Americans used to broad freedom of management decision-making, French labor relations present challenges that are cultural as well as legal and linguistic.
Today's markets and financial products only vaguely resemble those that existed in 1934. That fact doesn't dictate we undo a system that has worked better than any other for more than 75 years.
