A sign outside the United States Bankruptcy Court in New York ...

A sign outside the United States Bankruptcy Court in New York ...
AFP/Getty Images/File
Mon Nov 2, 4:52 AM ET

A sign outside the United States Bankruptcy Court in New York City. CIT Group, a key lender to small US firms, declared itself bankrupt becoming the fifth largest failure in American history and dealing a new blow to market nerves.

(AFP/Getty Images/File/Chris Hondros)

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