cit

'Dr. Doom' needs a new nickname

Economist Nouriel Roubini, known as "Dr. Doom" for his pessimistic views on the economy over the last few years, may need a new nickname. The New...

CIT: How many more bailouts to come?

Update: CIT shares were halted Wednesday. A source says that U.S. officials are concerned that CIT's woes have deteriorated further which could...

CIT is in a lose-lose situation

What if neither bankruptcy nor a bailout is enough to save CIT Group (CIT)? Overshadowing the $3 billion in losses that the troubled lender to...

CIT faces the prospect of bankruptcy

The US government has not underwritten borrowing by CIT (CIT) and now the company faces a cash shortage which could push it into Chapter 11. If the...