Nov. 1 (Bloomberg) -- CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a U.S. bailout failed.

To contact the reporter on this story: Tiffany Kary in New York Bankruptcy Court at tkary@bloomberg.net; Lester Pimentel at lpimentel1@bloomberg.net

Last Updated: November 1, 2009 15:40 EST