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Keeping client trust key to CIT's survival Lender has already made deals with creditors on restructuring debt.

Publication: St Louis Post-Dispatch (MO)
Publication Date: 03-NOV-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Keeping client trust key to CIT's survival Lender has already made deals with creditors on restructuring debt.(Business)

Article Excerpt
Byline: STEPHEN BERNARD The Associated Press Jim Gallagher of the Post-Dispatch contributed to this report.

A Chapter 11 filing usually means the end of the road for financial companies since they rely so heavily on customer trust. CIT Group Inc. is hoping that its case will be different.

The commercial lender's trip through bankruptcy reorganization may well be speedy given that it has already reached agreements with creditors on restructuring its debt. But the real test...

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