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Archive Home > 2009 > August > 19 > CIT Group records $1.68B quarterly loss

CIT Group records $1.68B quarterly loss


August 19, 2009

NEW YORK " Commercial lender CIT Group Inc. said Monday in a regulatory filing it lost $1.68 billion in the second quarter, and again warned it might have to file for bankruptcy protection if it fails to restructure its business. Losses mounted in the quarter as borrowing costs exceeded....

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