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CIT Group Inc. said that it might still have to file for bankruptcy protection if there isn’t a strong presence of bondholders to participate in a debt exchange that was recently introduced.
CIT is a commercial lender, that is one of the country’s largest lenders to …

CIT Group Inc. said yesterday that it might still have to file for bankruptcy protection if there isn’t a strong presence of bondholders to participate in a debt exchange that was recently introduced.
CIT is a commercial lender, that is one of the country’s largest lenders …

What benefit will GM get from a 1-for-100 reverse stock split?
Question:
Today GM alluded to plans to do a 1-for-100 reverse stock split, meaning for every 100 GM stocks a person owns, it gets “turned into” 1. How will this benefit GM and it’s attempt to …

GM announced several steps it was going to take to ensure the company would continue operations and to prove to the government that it was worth saving.
The news was released because it announced a plan to offer its bondholders to swap debt for company …