TheNewsRoom | Goldman Could Reportedly Gain $1B in CIT Bankruptcy

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Goldman Could Reportedly Gain $1B in CIT Bankruptcy

October 05, 2009

Goldman Sachs (GS) could reportedly stand to gain $1 billion if CIT Group (CIT) files for Chapter 11. According to the Financial Times, the $3 billion Goldman provided to keep CIT solvent before would garner the big payout if CIT fails to stay out of bankruptcy, which it is trying to avoid.