WASHINGTON (AP) – CIT Group Inc.’s board approved a deal late Sunday with major bondholders to keep the company out of bankruptcy with a $3 billion rescue loan, the New York Times reported.
Report: CIT Group board OKs $3 billion rescue loan
WASHINGTON (AP) – CIT Group Inc.’s board approved a deal late Sunday with major bondholders to keep the company out of bankruptcy with a $3 billion rescue loan, the New York Times reported.
