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CIT Is Next in Line for Government Handout
Mid-market lender CIT Group says it will become a regulated bank holding company in exchange for a cash infusion.
November 13, 2008
In the latest example of a financing company's willingness to become a regulated entity in exchange for government bailout money, CIT Group applied with the Federal Reserve Board of Governors to become a bank holding company. Read more...
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CFOs are enjoying larger pay gains than other C-level executives, for good reason.
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