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Commercial lender CIT Group files for bankruptcy protection

0 CommentsPrint E-mail Xinhua, November 2, 2009
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File photo taken on July 16, 2009 shows people walking in front of the CIT Group building in Manhattan, New York. CIT Group Inc, a century-old commercial lender, filed for bankruptcy on Sunday but under a so-called prepackaged restructuring plan to shed 10 billion dollars in debt. [Xinhua]

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