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 ...
CIT Group Inc., a major lender to small and midsize businesses that has struggled under mounting losses and tight credit availability, has amended its debt restructuring offer to enlist more ...
According to Fairholme Fund's latest SEC filing, Bruce Berkowitz and his mutual fund has dumped its entire stake in CIT Group (NYSE: CIT). The stock is up over 12% in the past year, but has been ...
The possible collapse of a key lender is sending panic through the retail industry, threatening to hang up deliveries of back-to-school clothing and other merchandise and throw holiday ordering into ...
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 ...
NEW YORK (AP) — Commercial lender CIT Group Inc. said Monday that its second-quarter loss widened, partially as a result of hefty debt-refinancing charges. CIT’s loss amounted to $70.7 million, or 35 ...
Clocking in as the fifth largest bankruptcy in U.S. history, CIT Group filed for Chapter 11 bankruptcy protection on Sunday. The 101-year-old commercial lender will try to restructure its debt while ...
CIT Group, Inc. (NYSE: CIT), the financial holding company which last year purchased the parent company of now-defunct reverse mortgage lender Financial Freedom, reported a delay in filing its annual ...
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