Watches & Warnings Warnings
7 Day Forecast 7 Day Forecast
Temperatures 7 Day Forecast

Report: CIT Group Board OKs $3B Rescue Loan

Monday, July 20, 2009 - 12:48am

CIT Group Inc.'s board approved a deal late Sunday with major bondholders to keep the company out of bankruptcy with a $3 billion rescue loan, the New York Times reported.

Comments News Comments

Post new Comment