Small-business lender CIT Group Inc. said Friday it has sweetened some terms of a buyback offer for $1 billion of debt and repeated that it may have to seek bankruptcy protection if enough noteholders ...

CIT Group Inc., a major business lender that's been devastated by the downturn in the credit markets, said Tuesday its chairman and CEO will resign at the end of the year. CEO Jeffrey M. Peek is ...

CIT Group (CIT) will cut $125 million in operating expenses by 2018, spin off its commercial air division and focus on its core commercial lending and leasing businesses in a strategic plan the ...

Prior to COVID-19, the market comprised too many capital providers chasing too few good deals, a scenario CIT Group’s Chris Niederpruem considered “the new normal … I don’t know what changes that.” ...

SINGAPORE/NEW YORK (Reuters) - Avolon Holdings, part of China's acquisitive HNA Group, is acquiring CIT Group's (CIT.N) aircraft leasing assets worth $10 billion (8.16 billion pounds) in a deal that ...

CIT Group Inc. ( CIT) announced that it has successfully completed the acquisition of Portsmouth, NH-based Direct Capital Corporation. The company executed this acquisition through its subsidiary CIT ...

CIT Group (NYSE:CIT) declared a dividend payable on February 19, 2021 to its shareholders as of January 22, 2021. It was also announced that shareholders of CIT Group's stock as of February 5, 2021 ...

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 ...

CIT Group Inc.’s CIT second-quarter 2021 adjusted earnings per share of $2.09 outpaced the Zacks Consensus Estimate of $1.24 by a considerable margin. In the prior-year quarter, the company had ...

Commercial lender CIT Group Inc. said Friday that billionaire investor and bondholder Carl Icahn agreed to support the company’s restructuring plan amid reports CIT may soon file for bankruptcy ...

Analysts say CIT Group could file for bankruptcy as early as Friday after the failure of talks between the company and government officials. CIT, a major lender to small and mid-sized businesses, ...