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Archive Home > 2009 > July > 16 > With federal aid denied, CIT’s future is in doubt

With federal aid denied, CIT’s future is in doubt

Lender’s failure wouldn’t threaten financial system, analysts say

By Michael J. de la Merced and Eric Dash / The Bulletin
July 16, 2009

The survival of one of America’s largest commercial lenders, the CIT Group, was thrown into doubt late Wednesday after federal officials rebuffed pleas to rescue the struggling company a second time.

Unless a buyer emerges for CIT — a prospect that seems unlikely —....

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