CIT Group Inc. filed for Chapter 11 bankruptcy protection yesterday capping a tumultuous year that saw the lending giant struggle with $10 billion in debt. The move wipes out both common and preferred stockholders and means the US government will likely lost the $2.3 billion in invested to save the company earlier in the year.
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Posted by Scott Boyd at 12:01 pm EST, 11/20/2009
Posted by Scott Boyd at 9:16 am EST, 11/20/2009
Posted by Scott Boyd at 9:11 am EST, 11/20/2009
November
20
Today’s Global
Market Events
Market Events
8:30 am
CAD
Core Retail Sales m/m
0.5%
0.5%
CAD
Retail Sales m/m
0.8%
0.8%
10:00 am
USD
Existing Home Sales
5.57m
5.57m
6:00 pm
AUD
CB Leading Index m/m
1.8%
1.8%

