2009 July 21 « Cavanaugh Business Solutions Blog

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Suite 101 Articles by Gail Cavanaugh
- Website Design Trends December 7, 2009
  Many businesses that are marketing their products and services online have discovered that websites are an effective way of reaching a target market.
- Will 2009 Gold Prices Cause Economic Bubble? September 16, 2009
  As debates occur over whether Americans are responsible for the recessions, opinions on the next ten problem areas are beginning to surface.
- Teens Buying Clothes September 7, 2009
  The economic recession in the United States has caused teens to be more responsive to value when buying garments.
- Consumer Debt Levels September 5, 2009
  Since young people are being targeted for use of credit cards, they need to understand how to handle credit cards.
- Two Strong Brand Names September 1, 2009
  When considering whether to expand a retail firm, careful consideration should be given to value chain analysis of the activities in running the organization.
- Related Business Strategy August 31, 2009
  When the economic recession occurred in 2008, many business failed. In spite of this, however, many people saw an opportunity to start a business.
- More Revenue for the States July 22, 2009
  As the economic crisis hits harder, retailers stand to lose in the battle versus the states in their claims for unused gift card value.
- Understanding Banking Industry Problems July 18, 2009
  Business owners may be wondering how to finance businesses considering that CIT, the largest lender to small and medium businesses, is experiencing financial woes.
- Online Shopping Concerns July 16, 2009
  Many reforms have been enacted in the banking industry because of its history of crisis, and consumers are now changing the way that they manage their money.
- Avoiding Late Fees on Credit Cards July 15, 2009
  College students who are struggling with penalty fees may find that the problem may be that statements are not being adequately stored.
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Merchant’s Guide to Credit Card Processing
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CIT Rescued by Shareholders

Posted on July 21, 2009 by gailcav

CIT bank received a pledge of $3 billion from its shareholders to keep it from filing for bankruptcy. It will use $1 billion of it to pay a debt due in August. Although this is a fortunate event, it may still not be enough to keep it the red and the FDIC has [...]

Filed under: Uncategorized | Tagged: bankruptcy, CIT, CTI, economy, FDIC, quarterly earnings, rescued, shareholders | Leave a Comment »

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Cavanaugh Business Solutions Blog

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Suite 101 Articles by Gail Cavanaugh

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Merchant’s Guide to Credit Card Processing

CIT Rescued by Shareholders

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