According to the Wall Street Journal, “On Tuesday, CIT Group Inc. will ask the New York bankruptcy court to sign off on its prepackaged Chapter 11 restructuring plan.” It was shockimg to most of us ...

CIT Group, the New York consumer- and commercial-finance company, is pursuing funding from an overseas bank to support its lending business, according to the March 24 Wall Street Journal. The news ...

NEW YORK, Oct. 1 -- CIT Group, a major lender to small businesses, announced a two-pronged restructuring plan Thursday night aimed at reducing a debt load that has pushed the company to the brink of ...

NEW YORK, July 19, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share on... CIT Serves as Lead ...

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

NEW YORK -- Commercial lender CIT Group Inc. said today its offer to repurchase outstanding debt at a discount -- a crucial step to help stave off bankruptcy -- was successful. The embattled New ...

WASHINGTON -- CIT Group Inc.'s board approved a deal late Sunday with major bondholders to keep the company out of bankruptcy with a $3 billion rescue loan, the New York Times reported. The emergency ...

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 ...

Livingston”s CIT Group (NYSE: CIT) Thursday reported a 15.6% increase in first-quarter profit, helped by growth in its financing and leasing portfolio.The commercial and consumer finance company ...

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 ...

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 ...