People walk by the CIT Group headquarters in New York City. ...

People walk by the CIT Group headquarters in New York City. ...
AFP/Getty Images/File
Sun Nov 1, 6:35 PM ET

People walk by the CIT Group headquarters in New York City. CIT Group, one of the largest small-business lenders in the United States, said Sunday it is filing for bankruptcy, with its board approving a "prepackaged" restructuring plan to shed 10 billion dollars in debt.

(AFP/Getty Images/File/Mario Tama)

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