NEW YORK-(AP) CIT Group Inc., a commercial lender forced into bankruptcy protection last year as customers fell behind on repaying loans, said Monday that it expects to report a loss of about $900 million in the fourth quarter and about $4 billion for the year. Those numbers, however, do not incl
Also tagged 900-million, behind-on-repaying, billion-for, fourth, group, group-inc-, new, quarter-and, the-year, yearNEW YORK – (AP) CIT Group said Sunday it has chosen former Merrill Lynch CEO John Thain to lead the company as chairman and CEO as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year. CIT Group Inc., one of the nation
Also tagged a-brief-stay, bankruptcy law center, chairman-and, group-inc-, has-chosen, lead-the, merrill, sunday, sunday-it-has, the-commercial, the-nationNEW YORK – (AP) CIT Group Inc., one of the nation’s largest lenders to small and mid-sized businesses, said Monday it is waiving fees for the next three months on all approved Small Business Administration Loan applications. CIT Group is waiving the $1,000 packaging fee at the same
Also tagged group, largest-lenders, same, small, the-nation, the-same, waiving-theNEW YORK – (AP) CIT Group Inc., one of the biggest U.S. lenders to small and mid-sized businesses, said Tuesday that a judge approved its reorganization plan and it plans to emerge from bankruptcy protection on Thursday. CIT Group filed for bankruptcy protection on Nov. 1 after i
Also tagged a-judge-approved, bankruptcy law center, biggest, plan-and, protection-on-thursday, small-and, the-biggest, thursday, tuesday, yorkReuters – U.S. small business lender CIT Group Inc headed to court on Tuesday to ask a New York bankruptcy judge for approval of its prepackaged reorganization plan. Read more here: CIT Group seeks judge’s OK on bankruptcy exit plan (Reuters)
Also tagged bankruptcy-exit, bankruptcy-judge, court-on-tuesday, for-approval, group, its-prepackaged, more-here, seeks-judge, small-business, tuesdayNEW YORK (Reuters) – CIT Group Inc on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year. Read the original: CIT Group says bankruptcy plan wins wide support
Also tagged for-its, group, has-won, new, plan-wins, read-the-original, said-it-has, says-bankruptcy, the-end, the-original, the-year, thursday, wide-support, yearSmall business lender filed for bankruptcy protection earlier this month. CitGroup – Bankruptcy – Law – Services – Lawyers and Law Firms Originally posted here: CIT Group Says 3Q Loss Widened to $1.07 Billion
Also tagged bankruptcy, bankruptcy-protection, billion, business-lender, firms-originally, group, group-says, lawyers-, posted-here, services-, widenedReuters – CIT Group Inc , the large U.S. consumer finance company, on Monday posted a $1.07 billion loss for the third quarter, the last full three-month period prior to its Chapter 11 bankruptcy filing. Read the original: CIT has $1.07 billion loss before bankruptcy …
Also tagged 1-07-billion, bankruptcy-filing, chapter, consumer-finance, group, large, last, loss-before, monday, period-prior, read-the-original, the-last, thirdWhen CIT Group filed for bankruptcy Sunday, it wasn’t much of a surprise. The once-dominant small business lender has been largely sidelined for more than a year. Here is the original post: CIT’s long goodbye
Also tagged been-largely, filed-for, group, largely-sidelined, lender-has, original, sidelined-for, small-business, sunday, the-originalNEW YORK – (AP) A Chapter 11 filing usually means the end of the road for financial companies since they rely so heavily on customer trust. CIT Group Inc. is hoping that its case will be different. The commercial lender’s trip through bankruptcy reorganization may well be speedy giv
Also tagged chapter, companies-since, filing-usually, its-case, may-well, new, road, the-road, york