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CIT GROUP INC.

CIT Group, Inc., a leading global commercial and consumer finance company, offers lending, leasing, and advisory services to small and mid-sized businesses, as well as to top companies in the energy, health care, communications, and entertainment industries. CIT has more than $70 billion in managed assets and, in 2008, agreed to become a bank holding company to receive TARP money under the economic stimulus. The company was founded in 1908 and is headquartered in New York.

CIT Group Inc. is part of Business Exchange, suggested by Ginny Moore. This topic contains 929 news and 656 blog items. Read updated news, blogs, and resources about CIT Group Inc.. Find user-submitted articles and reactions on CIT Group Inc. from like-minded professionals.

News

Recent news on this topic.

Judge Allows CIT to Borrow Up to $500 Millionmore

The CIT Group, a leading commercial lender, won bankruptcy court approval on Monday to borrow as much as $500 million...

$10 billion vanishes in Main Street loansmore

to shore up their balance sheets and reduce their exposure to risky loans. Two key small business lenders, CIT Group...

UPDATE: CIT Group Default Swaps Worth More Than Expectedmore

NEW YORK (Dow Jones)--The worth of Credit default swaps insuring the bonds of commercial lender CIT Group Inc.

UPDATE 1-CIT Group CDS settle at 68.12 pct in auctionmore

(Adds details, background) NEW YORK, Nov 20 (Reuters) - Sellers of protection on CIT Group Inc's (CITGQ.

UPDATE 2-CIT Group bankruptcy plan wins wide supportmore

year * Shares of CIT fall (Adds comment, bylines, updated share price) NEW YORK, Nov 19 (Reuters) - CIT Group Inc...

CIT Group says bankruptcy plan wins wide supportmore

CIT hopes to emerge from bankruptcy this year * Shares of CIT little changed NEW YORK (Reuters) - CIT Group Inc on...

CIT Group says bankruptcy plan wins wide supportmore

NEW YORK (Reuters) - CIT Group Inc (CITGQ.PK) on Thursday said it has won overwhelming support from bondholders for its...

UPDATE 1-CIT Group says bankruptcy plan wins wide supportmore

to emerge from bankruptcy this year * Shares of CIT little changed NEW YORK, Nov 19 (Reuters) - CIT Group Inc (CITGQ.

New York Landmark Burns Its Investorsmore

said. Losses are expected to be suffered by Credit Suisse Group, a fund managed by BlackRock Inc. and CIT Group Inc.

UPDATE 1-CIT has $1.07 bln loss before bankruptcymore

reserved for bad loans * Shares close little changed at 21 cents NEW YORK, Nov 16 (Reuters) - CIT Group Inc (CITGQ.

Readers React: 'What's another $5.1 billion?'more

and maximize recovery to the taxpayer to the extent possible.' The Nov. 1 bankruptcy filing of commercial lender CIT...

Healthy Banks? Tracking TARP Recipients Hit With Sanctionsmore

fall? But . So far three banks that received TARP funds Pacific Coast National Bancorp, UCBH Holdings Inc.

CIT has $1.07 billion loss before bankruptcymore

NEW YORK (Reuters) - CIT Group Inc (CITGQ.PK), the large U.S. consumer finance company, on Monday posted a $1.

TARP Cannot Save Some Banksmore

7 million in taxpayer money but failed on Nov. 6. The Nov. 1 bankruptcy filing of commercial lender CIT Group Inc.

$10 billion in Main Street loans vanishmore

to shore up their balance sheets and reduce their exposure to risky loans. Two key small business lenders, CIT Group...

Loans: $10 billion evaporatesmore

to shore up their balance sheets and reduce their exposure to risky loans. Two key small business lenders, CIT Group...

CIT Posts $1B 3Q Loss In Final Period Before Bankruptcymore

NEW YORK (Dow Jones)--CIT Group Inc. (CITGQ), the lender trying to re-emerge from bankruptcy by the end of the year,...

UPDATE 1-CIT has $1.07 bln loss before bankruptcymore

reserved for bad loans * Shares close little changed at 21 cents NEW YORK, Nov 16 (Reuters) - CIT Group Inc (CITGQ.

CIT Lost $1.03 Billion in Third Quartermore

CIT Group Inc., the lender trying to re-emerge from bankruptcy protection by the end of the year, said it lost $1.

The Nine Lives of GMAC's New CEO Michael Carpentermore

a New York hedge fund, a year later. He recently served as a board member of troubled lender, CIT Group.

UPDATE:CIT Posts $1B 3Q Loss In Final Period Before Bankruptcymore

(Updates with additional information from filing, and background, beginning in sixth paragraph.) NEW YORK (Dow...

CIT Reports $1B 3Q Loss In Final Period Before Bankruptcymore

NEW YORK (Dow Jones)--CIT Group Inc. (CITGQ), the lender trying to re-emerge from bankruptcy by the end of the year,...

GMAC Chief Leaves as Firm Looks for More Financingmore

GMAC succeeds, Mr. Carpenter, 62, said in the companys statement. Mr. Carpenter, who resigned from the board of CIT...

The Nine Lives of GMACs New CEO Michael Carpentermore

a New York hedge fund, a year later. He recently served as a board member of troubled lender, CIT Group.

CIT Reports $1 Billion 3Q Loss In Final Period Before Bankruptcymore

NEW YORK -(Dow Jones)- CIT Group Inc. (CITGQ), the lender trying to re-emerge from bankruptcy by the end of the year,...

Top Sources: CIT Group Inc.

  • Reuters
  • hotstocked.com
  • Philadelphia Inquirer
  • thedeal.com
  • New York Times
  • MarketWatch
  • BusinessWeek
  • Crains NY Business
  • Reuters India
  • bloomberg.com

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