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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 Moves Closer to Pre-packaged Bankruptcy Approval

Reuters | 24 days 23 hours 32 minutes ago

By Elinor Comlay and Walden Siew NEW YORK (Reuters) - CIT Group (CIT) has met at least one of the hurdles necessary to file for a prepackaged......

Read the complete story at Reuters

Web Buzz:
  • CIT preparing to file for bankruptcy protection

    Washington Post - 24 days 22 hours 34 minutes ago

    NEW YORK -- CIT Group, a major lender to small businesses, is preparing to file for Chapter 11 bankruptcy protection as early as this weekend,...

 

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