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The financial CIT, specialist in loans to students and small companies, declared bankruptcy this Sunday, this is the five th biggest bankruptcy in the history of the United States.

According The Wall Street Journal in the digital edition, the decision of the company of declare bankruptcy was adopted in an administration council celebrated yesterday. in New York.

With $ 71 billion of assets, CIT is the 5th major company to declare bankruptcy in the story of the united states, only surpassed by Lehman Brothers, Washington mutual, Worldcom and General Motors.

The bankruptcy of CIT, that was brought by the financial crisis due to it’s excessive exposure to student loans with high risk profile, supposes throw away $2,3bilion invested by the American Government to try to save the company.

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Capmark Financial Group, one of the main banks financing commercial soil in the United States, is lasting their plans to declare bankruptcy, as sources close to the operation informed . The confirmation of the bankruptcy could be released this weekend.

This has been also published by the ‘The Wall Street Journal’, that is confirming a very expected measure that highlights the problems in the property business.

After suffering the residential mortgage collapse, the banks of the United States are suffering heavy loses that could lead to bankruptcy from the goods commercial mortgages .

The decision also supposes a hard hit to the private capital owners of the corporation. In 2006, a group leaded by KKR, Goldman Sachs Capital Partners and Five Mile Capital Partners acquired the commercial loaner GMAC and put it the name of Capmark. On March 31^st , the investor group was disposing of approximately the 75% of the company while the rest was belonging to GMAC and the employees.

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