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…
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