US: CIT wards off bankruptcy with $3bn loan
Troubled lender CIT Group, one of the key financiers to the apparel and retail industry, has warded off an imminent bankruptcy threat by agreeing a $3bn loan and begun plans to restructure its liabilities.
Troubled lender CIT Group, one of the key financiers to the apparel and retail industry, has warded off an imminent bankruptcy threat by agreeing a $3bn loan and begun plans to restructure its liabilities.