Stories tagged with "cit group"
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Major lender files for Chapter 11
Business loans to continue, as action keeps CIT afloat; U.S. likely out $2.3 billion WASHINGTON — Lender CIT Group has filed for Chapter 11 bankruptcy protection in an effort...
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CIT Group gets $1B credit line from Icahn
NEW YORK — Commercial lender CIT Group said Friday that billionaire investor and bondholder Carl Icahn agreed to support the company’s restructuring plan amid reports...
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City wants new ideas for old hospital
Developers will be asked to provide suggestions for closed Winona Memorial Five years after it closed, Winona Memorial Hospital has fallen into the hands of the city, which will...
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Investor offers CIT $6 billion loan in bid to stave off collapse
NEW YORK — Billionaire investor Carl Icahn offered a $6 billion lifeline to struggling lender CIT Group. In a letter Monday to CIT’s board of directors, Icahn said he...
