Oct. 2 (Bloomberg) — CIT Group Inc. bond and credit- default swap prices show that investors are speculating the 101- year-old commercial lender’s offer to exchange about $29 billion of its debt won’t prevent it from filing for bankruptcy protection.
America’s Debt Mentality (Fox News)
We are expected to have debt. It’s a lifestyle.
CIT's $5.7B debt reduction plan may fall short (Dealscape – Pipeline)
CIT Group Inc.’s proposed debt restructuring, aimed at paring the lender’s $31 billion in unsecured debt by about $5.7 billion, may not sufficiently address its longer term problem of access to unsecured commercial paper.
CIT debt swap could cost U.S. more than $1.8 billion (Reuters via Yahoo! News)
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.
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CIT Bond, Swaps Prices Signal Concerns Debt Exchange May Fail (Bloomberg)
Oct. 2 (Bloomberg) — CIT Group Inc. bond and credit- default swap prices show that investors are speculating the 101- year-old commercial lender’s debt exchange won’t prevent it from filing for bankruptcy.
CIT eyes bankruptcy if debt exchange plan fails (AFP via Yahoo! News)
Ailing lending giant CIT Group warned Friday it might file for bankruptcy if it failed to launch a comprehensive debt-exchange plan to beef up capital levels.
CIT Submits Debt-exchange Plan, – We Are The Market
Closely-watched century-old lender CIT Group Inc. offered up a plan late Thursday night that has salvaged its operations, at least for now, slicing $5.7bn away from its debt obligations by turning control over to its creditors in a …
The Baptist Standard :: The Newsmagazine of Texas Baptists – Debt …
Joomla – the dynamic portal engine and content management system, If Americans had followed biblical financial principles, they could have lessened—or completely avoided—the worst recession in decades, two prominent Christian money …
Bad Credit Debt Consolidation Loans A Good Idea For Paying Off …
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