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17 Mar 2010, 5:04 am by By DEALBOOK
CIT Group posted a $1 billion loss in the fourth quarter on Tuesday, excluding one-time items and accounting adjustments, as the recently bankrupt commercial lender was hurt by high borrowing and credit costs, Reuters reported. [read post]
8 Feb 2010, 3:27 pm by By DEALBOOK
Fresh off announcing its new chief executive, the CIT Group said on Monday that it will repay $750 million of its $7.5 billion first-lien loan, debt that the firm described as "high cost. [read post]
5 Feb 2010, 6:05 am by Hal Scott, Harvard Law School,
Volcker is the Chairman of the Trustees as well as the Chairman of the Steering Committee of the Group of 30 (G-30), it is worth noting that the Volcker Rules are significantly more aggressive than the G-30’s recent proposal to merely limit proprietary trading by “strict capital and liquidity requirements. [read post]
2 Feb 2010, 11:45 am by Brian Dolan
Moderated by Pepper partner Jim Rosener, this podcast features the panel discussion of Todd Feinsmith, partner from Pepper Hamilton, Warren Feder, partner from Carl Marks Advisory Group and Lawrence Klaff , principal from Gordon Brothers Group as they discussed the findings of our survey on the distressed M&A market and how the landscape has changed since the survey was conducted, including the Chrysler/GM effect, the imposition of politics on the financial markets and the… [read post]
27 Jan 2010, 1:08 pm by Michelle Harner
At least one group of investors (a/k/a distressed debt investors) has found a way to capitalize on the financial troubles of businesses. [read post]
24 Jan 2010, 1:17 am by Randall Reese
Those five largest cases were:Motors Liquidation Company (f/k/a General Motors Corporation)CIT Group Inc.Old Carco LLC (f/k/a Chrysler LLC) General Growth Properties, Inc.Lyondell Chemical CompanyThe following charts further summarize 2009's chapter 11 filings of companies with more than $100 million in assets. [read post]
19 Jan 2010, 11:06 am by Mark Merenda
Pierre makes about $60 a month as a cook for a group of Belgian missionaries. [read post]
31 Dec 2009, 7:55 am by Scott Sagaria
CIT Group: $71 billion – lender to small and mid-sized businesses is still in bankruptcy court after losing $3 billion over two years. [read post]
30 Dec 2009, 8:42 am by Meaghan Olson
CIT Group: $71 billion November 2009 The story: CIT Group is one of the largest commercial lenders in the country, specializing in loans to small and mid-size businesses. [read post]
22 Dec 2009, 11:31 pm by By DEALBOOK
The chief financial officer of CIT Group is retiring, adding another executive search for a board that is already looking for a chief executive officer. [read post]
17 Dec 2009, 12:24 am by Randall Reese
As a result of pre-bankruptcy negotiations, the debtors have entered into a plan support agreement with Cortec, CIT and certain of its lenders. [read post]
8 Dec 2009, 11:40 am
The CIT Group, the large commercial lender, received bankruptcy court approval on Tuesday for its prepackaged reorganization plan, paving the way for it to exit Chapter 11 bankruptcy as early as this week. [read post]
25 Nov 2009, 1:24 am
If you are already an online subscriber to New York Law Journal you should be able to click on any of the links provided below, sign in, and access the full text of articles listed Click here to go to www.nylj.com Agreements Between Trump, Community Groups Found Not Binding on Development's New Owners Subscription Required Vow to Impose Maximum Term Coerced Plea, Panel Rules Subscription Required Judge Refuses to Levy Attorney's Fees on Ex-Wife for Divorce Tactics Subscription… [read post]
23 Nov 2009, 8:08 am
Je rappelle que, selon les services fiscaux, les sociétés animatrices s'entendent comme des holdings qui participent activement à la conduite de la politique du groupe et au contrôle des filiales et qui rendent, le cas échéant et à titre purement interne, des services spécifiques administratifs, juridiques, comptables, financiers ou immobiliers. [read post]
23 Nov 2009, 8:08 am by Jack D
Je rappelle que, selon les services fiscaux, les sociétés animatrices s’entendent comme des holdings qui participent activement à la conduite de la politique du groupe et au contrôle des filiales et qui rendent, le cas échéant et à titre purement interne, des services spécifiques administratifs, juridiques, comptables, financiers ou immobiliers. [read post]
11 Nov 2009, 8:41 am by Chris Kramer
The much-publicized CIT Group Inc bankruptcy was arranged with a prepackaged bankruptcy agreement, as were those of other troubled companies like Six Flags Inc, Charter Communications Inc, Panolam Industries International Inc and Lear Corp. [read post]