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CIT Appears to Have Turned the Corner

JJ HornblassbyJJ Hornblass
September 9, 2008
in Archive
Reading Time: 1 min read
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CIT Group reported that it improved its liquidity position by $11 billion during the current quarter, a welcome sign for a company struck deeply by the credit crisis.

CIT made public a tally of its liquidity efforts as part of an announcement that the finance company was pulling its railcar leasing business. CIT said it no longer needed to sell the leasing company because it had improved its liquidity position.

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