Entries tagged "CIT Group Inc."

Carl Icahn rips CIT board; offering $6B with his own plan

The activist investor accuses the troubled lender's board of driving the company into the ground.,

CIT-IndyMac merger rumor debunked

Hedge fund manager John Paulson of Paulson & Co. will not be combining New York lender CIT Group with IndyMac Federal Bank.

CIT falling on bankruptcy fears

Shares of CIT are falling in Tuesday early afternoon trading on fears of a bankruptcy filing.

Molsons don't trip on CIT financing mishap

Despite losing its reported $225 million loan from CIT, the Molson family says it's still on track to buy the NHL's Montreal Canadiens by the end of August.

CIT's pain, Red Hat's gain

Red Hat has replaced CIT Group on the S&P 500.

Deal week a look ahead: DIS, VIA, DB, MGRM

The week ahead in dealmaking has a slew of important dates that include earnings for Moody's, Disney and Deutsche Bank as well as a tender offer expiration for Monogram Biosciences.I

CIT's weakness to strengthen Rosenthal, Sterling?

CIT's $42 billion factoring business could be up for grabs if the lender goes out of business.

The CIT-small business thread to become bare

There has been a slew of media reports regarding the possible CIT Group bankruptcy filing and how deep of an impact it would have on a variety of industries.

CIT inches closer toward bankruptcy

CIT said there was 'no appreciable likelihood' that it would receive additional rescue money from the government.

CIT Ch. 11 may put dent in DIP lending

CIT is a big lender of DIP financing that would be greatly missed in the near term if it fell into bankruptcy.

CIT plus Skadden doesn't equal Ch. 11, right now

CIT says it's hired Skadden for general legal purposes, but the market will likely assume the move is in preparation for a Chapter 11 filing.

CIT, a bomb waiting to explode

CIT has a sizable $10 billion debt load coming due that could spell the end of the company if Uncle Sam doesn't allow it to participate in the Temporary Liquidity Guarantee Program.

Top tags

• M&A (1068)
• bankruptcy (543)
• private equity (519)
• politics (396)
• credit crisis (361)
• banks (353)
• Bank of America (349)
• banking (333)
• Citigroup (318)
• layoffs (312)