Does CIT Group Understand Its Own Risks? The ability for CIT Group to accurately forecast and provision for its bad loans shows it has a strong understanding of the level of risk it is taking on. If ...

CIT Group Inc.'s CIT shares declined around 3.4% in the last two trading sessions after the company unveiled its strategic plan on Wednesday. The plan includes reducing operating expenses by $125 ...

NEW YORK & NEW HAMPSHIRE--(BUSINESS WIRE)--CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending, leasing and advisory services, entered ...

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.” ...

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 ...

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 ...

With an aim of focusing on core operations, CIT Group CIT has sold the trust and wealth advisory business to Sunflower Bank, N.A., a subsidiary of Denver, CO-based FirstSun Capital Bancorp. The ...

Wall Street is a forgiving place. How else would you explain the stunning turnaround of former Merrill Lynch CEO John Thain and the once bankrupt CIT Group? Well, a healthy business helps too. CIT ...