CIT heading for bankruptcy but traders sanguine

16 Jul 2009

CIT, the struggling US finance company, is poised to seek Chapter 11 bankruptcy protection after efforts to persuade the government to provide further aid failed.

Five year default protection for CIT was trading at around 48/50 points upfront and 500bp running yesterday afternoon, widening from 33/34 points on ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.