TITLE

CIT's Comeback Effort in Many Ways Relies on M&A

AUTHOR(S)
Fugazy, Danielle
PUB. DATE
December 2011
SOURCE
American Banker;12/19/2011, Vol. 176 Issue 194, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the commercial lender CIT Group which filed for U.S. Chapter 11 bankruptcy in November 2009. CIT's successful reorganization and focus on growth are discussed. A brief overview of the corporate financial group's growth before the 2008 financial crisis is presented. CIT's financial performance in 2011 is noted.
ACCESSION #
69848404

 

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