CIT Group
New York,
N.Y. |
See all recipients in New York
This investment resulted in a loss to taxpayers. See below for details.
| $2.33B Disbursed |
| $0 Returned |
| $43.7M Revenue to Gov't |
| $2.29B Net Outstanding |
| $2.33B Committed |
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Events
-
Nov. 1, 2009 CIT Files for Bankruptcy, $2.3 Billion Lost
CIT files for bankruptcy protection. A $2.33 billion TARP investment is wiped out.
Part of Capital Purchase ProgramMore info from www.propublica.org -
$43.7M Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of Capital Purchase Program -
$2.33B Bailout
Dec. 31, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase ProgramMore info from www.cit.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 05/31/2009 | Dividend | $43,687,500 | CPP | Dividends Paid Through 5/31/2009 |
| 12/31/2008 | Purchase | $2,330,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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