NYQ:GE: CIT Said to Have Spurned $2 Billion Secured Loan From GE

CIT Group Inc., the commercial lender seeking to avoid bankruptcy, rejected a General Electric Co (NYQ:GE). offer of at least $2 billion in senior secured loans backed by aircraft, four people familiar with the matter said. CIT spurned the loans fro …
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Tags: Aircraft, Bank, Bankruptcy, Loan

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