CIT woes add to apparel pain

COMMENT: CIT – Slightly better odds than Lotto

CIT has paid a heavy price for a reprieve. A $3bn loan facility, signed off on Monday evening, lets the…

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…

In the money: CIT financial woes add to US apparel pain

Hopes that the US government would hand out emergency federal assistance to CIT Group Inc, a major source of financing…