Troubled Cit 'gets Rescue Deal'

Troubled CIT 'gets rescue deal'

CIT, the troubled American bank, approves a $3bn rescue loan from major shareholders to try to avoid bankruptcy, reports say.

Sections:  news   business   
RELATED ARTICLES
  • Ford shareholders reject stock proposal
    Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. More
  • Pope hints at possible changes to scandal-ridden Vatican bank
    Pope Francis has indicated for the first time that he may make changes to the Vatican's scandal-ridden bank as part of a broad review of the Holy See's troubled administration. More
  • Large Dell Holder Sells Stake
    The Oakmark Funds group, one of Dell's larger shareholders, sold its stake after Blackstone withdrew its potential bid for the PC maker. More
  • Apple to dole out $100B to shareholders
    Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. At the same time, the company said revenue for the current quarter could fall from the year before, which would be the first decline in many years. More
  • Banks Revive Risky Loans and Mortgages
    Investments that were vulnerable in the last financial crisis and believed to be gone for good have largely escaped new rules that were made to prevent another crisis. More
BING NEWS:
  • More U.S. aid will help Ukraine avoid defeat in its war with Russia, winning is another matter
    A big, new package of U.S. military aid will help Ukraine avoid defeat in its war with Russia. Winning will still be a long slog.
    04/24/2024 - 1:07 am | View Link
  • Cloning makes three: Two more endangered ferrets are gene copies of critter frozen in 1980s
    CHEYENNE, Wyo. — Two more black-footed ferrets have been cloned from the genes used for the first clone of an endangered species in the U.S., bringing to three the number of slinky predators ...
    04/21/2024 - 10:15 am | View Link
  • Carson City's Catmandu introduces their Cat of the Week: Angel
    Are you looking for an angel in your life? Look no further, this special kitty lives up to his name. Angel is one of the sweetest cats I have ever met.
    04/20/2024 - 4:21 am | View Link
  • Taylor Swift Is In Her Billionaire Era: Find Out Her Net Worth
    According to a report from Bloomberg News, Taylor Swift entered her billionaire era with an estimated net worth of roughly $1.1 billion.
    04/19/2024 - 12:42 pm | View Link
  • 16 To The Rescue: Reggie and Biscuit
    In this week's 16 To The Rescue, we meet two cats who have become bonded after everything they've been through.
    04/19/2024 - 11:03 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News