CIT halts loans to Sears suppliers - Reuters

BloombergCIT halts loans to Sears suppliersReutersN), halted loans that Sears' suppliers use to finance the goods they sell to the chain. The news triggered fears that other lenders to the retailer's suppliers would follow a similar path, making it harder for the company to do business. ...Sears Swaps Soar to Record as CIT Said to Halt Vendor LoansBusinessWeekCIT reportedly stops backing Sears supplier loansSacramento BeeSears Supplier Loans Are Said to Be Halted by CIT Starting

Finance News