It’s back. CIT staved off bankrupcty for a few months by entering into a horrible deal with its bondholders. The time’s up.
CIT is down about 20% this morning amid speculation that they will still fall into bankruptcy.
It’s back. CIT staved off bankrupcty for a few months by entering into a horrible deal with its bondholders. The time’s up.
CIT is down about 20% this morning amid speculation that they will still fall into bankruptcy.