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.

Since the financial crisis began, the Government of the United States has invested near 400 billion dollars in the rescue of companies with problems like CIT from the bankrupt, including insurances and automobile producers.

In a movement directed to smooth the declaration of bankrupt, the company reached the past Friday reach a deal with the financial Carl Icahn, that promised to contribute with $1bn in to help CIT to leave the bankruptcy,

According The Wall Street Journal, financial CIT believes that will be able to reach a deal with the creditors and lift the bankruptcy before the end of the year.

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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.

Also the company Horsham has released recently some loses from the second quarter of the year, a total of 1,6 billion dollars, and warned that could declare the bankruptcy too.

To search solutions to the bankruptcy, Capmark has a pre-deal to sell his service in North America and the banking mortgage operations property of Warren Berkshire and Leucadia, for an amount of 490 million dollars. The operation could be accomplished with Capmark already in bankruptcy, but could suppose a bigger payment than the accorded previously.

To the bankruptcy pressures of Capmark, we must add the notification from the Federal reserve. Capmark must increase the liquidity of his bank in Utah, that has approximately 10 billion dollars in assets.

According the informations to ‘The Wall Street Journal’ , from sources close to the operation. The bank may not form part of the bankruptcy, at the moment, neither Capmark nor NKR haven’t declared nothing about the bankruptcy.

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