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CIT Files for Bankruptcy; US Is Unlikely to Recoup $2.3 Billion Bailout2 (Bloomberg) -- CIT Group Inc., the 101-year-old commercial lender that saw its funding dry up in the credit crunch, filed for bankruptcy in an effort to ...
Asian stock markets slide amid US recovery doubts
Exacerbating investor worries was US lender CIT Group's bankruptcy filing Sunday, which dragged financials sharply lower across the region. ...
Japan's Bonds Gain Most in a Month as CIT Failure Boosts Demand
2 (Bloomberg) -- Japan's government bonds advanced by the most in a month on speculation investors sought the relative safety of debt after CIT Group Inc. ...
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