CIT surprise rescue

(01:36) Report

June 20. - CIT bondholders step in with a rescue plan, buying time for the commercial lender to avoid bankruptcy.

Bobbi Rebell, Reuters, New York.

SOUNDBITE:

  • Matthew Albrecht, analyst, Standard & Poor's,
  • Lakshman Achuthan, managing director, Economic Cycle Research Institute

  • Featured Videos

    Top News
    Embed this channel:

    InDepth
    Embed this channel:

    Entertainment
    Embed this channel:

    Oddly Enough
    Embed this channel:

    Business
    Embed this channel:

    Technology
    Embed this channel:

    Sports & Leisure
    Embed this channel:

    Environment
    Embed this channel:

    Archive
    Embed this channel:

    Most Popular
    Embed this channel:

    Most Recent
    Embed this channel: