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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 332 news and 103 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.

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Icahn Increases Tender Offer For CIT Notesmore

SAN FRANCISCO (Dow Jones)--Billionaire investor Carl Icahn raised on Friday his offer for notes issued by CIT Group Inc.

"Prepackaged" bankruptcies tripled in past yearmore

The multi-year traditional bankruptcy is now often referred to as a 'free fall.' Led by companies such as CIT Group...

Court date for CIT's reorganization set for Dec. 8more

SAN FRANCISCO (MarketWatch) -- CIT Group Inc. said late Tuesday that the U.S. Bankruptcy Court for the Southern...

CIT Bankruptcy Sends US Treasury Officials On Defensemore

WASHINGTON (Dow Jones)--U.S. Treasury Department officials are on defense stemming from the CIT Group Inc.

CIT loss won't be last for taxpayersmore

for Treasury. More losses are likely as other TARP recipients have missed dividend payments. NEW YORK (Fortune) -- CIT...

CIT Bankruptcy Won't Hurt Dell Finance Division, Dell Saysmore

Jones)- Dell Inc. (DELL) says its finance division won't be hurt by the bankruptcy of lender CIT Group Inc.

Stocks Pull Back From Highsmore

able to post a solid gain and shake off news of a landmark bankruptcy filing by the lender CIT Group. But financials...

Embattled CIT Group Files For Bankruptcymore

After several months of twists and turns in an effort to avoid bankruptcy, on Sunday CIT Group put end to its ongoing...

Commercial lender CIT Group files for bankruptcy protectionmore

Commercial lender CIT Group filed for bankruptcy protection on Sunday after U.S. government bailout and debt exchange...

CIT Files for Bankruptcymore

go, the CIT Group barely averted what it considered to be a ruinous bankruptcy filing that would likely have put the...

CIT Reaches Agreements to Ease Bankruptcy Filingmore

The CIT Group, the troubled lender, secured several important agreements on Friday as it prepared for what it had said...

CIT Group stock trading reopened, shares downmore

NEW YORK, Oct 30 (Reuters) - Shares on CIT Group Inc (CIT.N)resumed trading on Friday after being halted on pending...

Silver Point ponies up even more for CIT? (Dealscapemore

Beleaguered middle-market lender CIT Group Inc. (NYSE:CIT) is in the process of securing an additional $4.

Icahn Clarifies Terms Of Tender Offer For CIT Group Notesmore

NEWSWIRES SAN FRANCISCO -(Dow Jones)- Billionaire investor Carl Icahn, clarified terms of a tender offer for CIT Group...

Bondholder Adviser Derides Icahn's CIT Offermore

That’s the message that Jeffrey Werbalowsky, the chief financial adviser to the CIT Group’s steering committee of large...

CIT Debt-Swap Talks Bring Up Costly Typo;Tweaks Expected Soonmore

NEW YORK -(Dow Jones)- Negotiations on changes to CIT Group Inc.'s (CIT) sweeping debt exchange went down to the wire,...

With Chief Departing, Clouds Grow Over CITmore

The resignation of the CIT Group’s chief executive, Jeffrey M. Peek, comes as the company faces what seems to be an...

Will board changes force out CIT's Peek? (Dealscapemore

It was only four weeks ago that CIT Group Inc.'s (NYSE:CIT) board of directors gave the CEO Jeffrey Peek a vote of...

CIT May Pit Bondholders Against Each Other With Swap (Update3)more

Oct. 1 (Bloomberg) -- CIT Group Inc., the 101-year-old commercial lender, will seek board approval as soon as this week...

CIT-IndyMac merger rumor debunked (Dealscapemore

Earlier Tuesday the rumor mill was abuzz with word that hedge fund manager John Paulson of Paulson & Co.

Paulson sees Indy-CIT combo a viable Band Aid (Dealscapemore

Hedge fund manager John Paulson has his hands in two moribund companies that he thinks might be better off together...

US STOCKS-Wall St set for higher open on stronger homes datamore

the contract. Dow Jones industrial average futures gained 16 points and Nasdaq 100 futures gained 1.25 points.

ANALYSIS-CIT factoring clients have few alternativesmore

held by tight contracts, few competitors * Possible bankruptcy outcome uncertain NEW YORK (Reuters) - When finance...

Dow makes it 8: Best win streak since April '07more

volume over the last few sessions. Also in active trading, bond insurer AMBAC Financial (ABK) jumped 28%, while CIT...

CIT to submit survival plan to N.Y. Fed (Dealscapemore

Evidently the Federal Reserve is tired of the CIT Group Inc. (NYSE:CIT) deathwatch and is taking a larger hand in...

Top Sources: CIT Group Inc.

  • Reuters
  • BusinessWeek
  • Philadelphia Inquirer
  • hotstocked.com
  • Wall Street Journal Online
  • MarketWatch
  • New York Times
  • thedeal.com
  • TheDeal.com
  • CNN Money

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