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A: Nearly a year after the collapse of Lehman Bros ., which put financial markets into freefall, investors face the teetering of another big financial firm: CIT. CIT is a lender mainly to small and midsize businesses. It has a significant factoring ...
Morgan Stanley has conflicting obligations to clients in its investment banking and retail businesses. The bank must resolve these conflicts to manage its franchise risk. Morgan's investment bankers are advising CIT Group Inc. in its restructuring ...
PARIS, July 30 /PRNewswire-FirstCall/ -- - Ongoing slackness of the Group's markets, leading to a - 23% decrease in sales - Goal of an operating margin close to 10% by start of 2010 maintained - Very substantial generation of current free cash flow ...
Eric Wold - Merriman Curhan Ford & Co. Good day ladies and gentlemen and welcome to the Second Quarter 2009 Taser International Conference Call. My name is Shimit and I'll be your coordinator for today. At this time all participants are in listen ...
NEW YORK (Reuters) - Lender CIT Group ( CIT.N ), which recently obtained a $3 billion loan from its bondholders, said on Friday it will give $1 billion of that money to its trade finance unit. The provision demonstrates CIT's "commitment to support ...
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