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CIT Seen Filing for Bankruptcy in Coming Days

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THE END IS NIGH
"The CIT Group is likely to file for bankruptcy in the coming days, analysts and experts told Reuters," NYT DealBook reported. "Separately, the lender said Thursday that it has reached an agreement to reduce the amount of a $3 billion loan from Goldman Sachs made last year to about $2.13 billion and got a promise from Goldman not terminate the financing should CIT file for bankruptcy."
SOURCE:   New York Times

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