Article: US corporate lender files for largest bankruptcy in American history.

Byline: Daily Star Staff

Summary: CIT Group Inc., a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans.AaThe bankruptcy, one of the largest in US corporate history, has been widely expected for months and is unlikely to provide a massive near-term shock to the financial system.

Dan Wilchins and Elinor ComlayAa

ReutersAa

Aa

NEW YORK: CIT Group Inc., a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!