Pages

Tuesday, November 03, 2009

US Businesses at Risk as Lender CIT Group Files for Bankruptcy

Thousands of small and medium-sized businesses in the US face financial difficulties and could go out of business after lender CIT Group filed for bankruptcy protection last night.

The collapse is also bad news for US taxpayers, who stand to lose the $2.3bn provided last year to prop up the troubled lender.'

Read more...

No comments:

Post a Comment

Thanks for your comment it is much appreciated.