UPDATE 1-CIT Group reports $447 mln loss on debt charges - Reuters U...

04/24/12

The firm's bankruptcy led the U.S. government to lose a $2.3 billion ... shares to trade near tangible book value," they wrote. CIT's shares, which fell 7.1 percent over the past 12 months, are up 12.4 percent this year, compared with an 8.7 ...