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The financial industry meltdown has been the worst since the great depression. BNET Financial provides daily industry trends and news coverage with insights for managers and executives about the major financial services companies in the banking and finance sector. In addition to detailed company profiles, we bring you industry analysis on new mergers, partnerships, financial products, rates, investments, capital, and a host of other critical factors of success in the finance business.

CIT in bankruptcy filing after bail-out move fails

Financial Times | 23 days 4 hours 38 minutes ago

CIT Group, the troubled US commercial lender that has been in business for more than a century, on Sunday filed for bankruptcy after attempts at a......

Read the complete story at Financial Times

Web Buzz:
  • CIT Group files for prepackaged bankruptcy

    Washington Post - 23 days 7 hours 22 minutes ago

    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...

  • CIT Group files for US bankruptcy

    BBC - 23 days 6 hours 40 minutes ago

    The US lender, CIT Group, has filed for bankruptcy protection, after a debt-exchange offer to bondholders failed. However, the majority of...

 

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