SFGate

Bruce Berkowitz Sells Entire CIT Stake, You Should Too

According to Fairholme Fund's latest SEC filing, Bruce Berkowitz and his mutual fund has dumped its entire stake in CIT Group (NYSE: CIT). The stock is up over 12% in the past year, but has been ...
Business Wire

CIT Serves as Lead Arranger and Administrative Agent in $90 Million Financing to The Levy Group

NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT) cit.com, a leading provider of commercial lending and leasing services, today announced that it arranged and syndicated a $90 million senior ...
The New York Times

CIT Group Inc.

A Jersey City tower built by the family firm was financed with some $190 million in loans, including $50 million through the so-called EB-5 visa program. By Jesse Drucker and Charles V. Bagli In a ...
NJBIZ

CIT confirms rescue from bondholders

CIT said it received commitment for $2 billion in financing, and that it expected to receive commitments by July 31 for an additional $1 billion.Business lender CIT Group Inc. (NYSE: CIT) in ...
St. Louis Post-Dispatch

CIT has 'tentacles' all over Problems at short-term lender send panic throughout the retail industry.

The possible collapse of a key lender is sending panic through the retail industry, threatening to hang up deliveries of back-to-school clothing and other merchandise and throw holiday ordering into ...
Reuters

CIT bankruptcy to leave small businesses concerned

NEW YORK (Reuters) - CIT Group Inc's bankruptcy filing could push at least some small businesses it finances to look for a new lender, but finding new credit will be tough. CIT filed for bankruptcy ...
Times Union

CIT Group amends its offer

CIT Group Inc., a major lender to small and midsize businesses that has struggled under mounting losses and tight credit availability, has amended its debt restructuring offer to enlist more ...
Washington Examiner

CIT Group loss widens, but beats predictions

NEW YORK (AP) — Commercial lender CIT Group Inc. said Monday that its second-quarter loss widened, partially as a result of hefty debt-refinancing charges. CIT’s loss amounted to $70.7 million, or 35 ...
Business Wire

CIT Appoints William Douglass Group Head of CIT Corporate Finance, Healthcare

NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT) cit.com, a leading provider of financing and advisory services to small businesses and middle market companies, today appointed William Douglass ...
American Banker

Fed Presses CIT Group

The Federal Reserve Board is calling on CIT Group Inc. to submit concrete plans to maintain sufficient capital and improve its overall financial condition. Processing Content The struggling commercial ...
NPR

Retail Lender CIT Group Files For Bankruptcy

CIT Group Inc. provides financing to about 1 million small and mid-sized businesses. Its bankruptcy filing Sunday could be one of the biggest in U.S. corporate history. The government lent CIT more ...