Published December 1, 2009 at 5:13 PM
CIT Group Inc.'s bankruptcy left many wondering about its impact on middle-market lending. James Epstein, a partner with Pepper Hamilton LLP, says fallout was minimal for two reasons: The filing came just as the credit markets began to thaw, and there were plenty of lenders ready to step into the breach. See the video below or
download it at iTunes. - Suzanne Stevens
Goldman, Sachs & Co. veteran Tracy Caliendo will join Bank of America Merrill Lynch in September as a managing director and head of Americas equity hedge fund services. For other updates launch today's Movers & shakers slideshow.