Intense negotiations between CIT Group Inc. and federal regulators raised hopes Monday that the giant finance and factoring firm could avert bankruptcy and spare fashion vendors and their retail accounts.
A failure to resolve the crisis and allow the financial powerhouse to raise capital through bond sales in the private sector would have dire consequences for the industry, experts said.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)