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CIT Group's future remains up in the air after bankruptcy filing
Los Angeles Times
On the heels of its bankruptcy filing, CIT Group Inc.'s future as a commercial lending giant will be determined by the confidence of its creditors and customers. The 101-year-old lender's months-long financial struggles already have been a boon to rivals, which have picked up hundreds of CIT clients. But it is unclear whether those rivals will have the means to pose a real threat. With $71 billion in assets, CIT serves 2,000 vendors that supply merchandise to 300,000 stores, according to the National Retail Federation. More

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