CIT debt swap could cost U.S. more than $1.8 billion (Reuters)
Reuters – If CIT Group exchanges its debt under an offer aimed at averting a bankruptcy filing, the U.S. government could lose nearly 80 percent of its $2.33 billion investment in the troubled commercial lender. Read more from the original source: CIT debt swap could cost U.S. more than …
Also tagged aimed-at-averting, bankruptcy-filing, commercial-lender, debt-swap, from-the-original, group, lose-nearly, more-from, offer-aimed, original, the-original, the-troubled, troubled