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Cit Group

A Big Test for Janet Yellen: Stop the OneWest-CIT Merger

Peter Dreier | Posted 06.19.2016 | Politics
Peter Dreier

A coalition of California community groups and a local legal aid agency have come up with a novel way to hold a major LA area bank accountable for the devastation it has caused Southern California communities as a result of its risky and predatory practices.

John Thain's Attempted Comeback

Charles Gasparino | Posted 11.28.2012 | Business
Charles Gasparino

Finally we have something to cheer Dodd Frank about. Yes, this Rube Goldberg regulation barely makes a dent in preventing Too Big To Fail banks from wreaking havoc on us again, but it's apparently saving the banking system from the likes of John Thain.

Salvation Army Sues Bank For Risky Lehman Brothers, AIG Investments

New York Times | Stephanie Strom | Posted 06.04.2011 | Impact

The southern division of the Salvation Army filed suit against the Bank of New York Mellon on Friday for almost $22 million, contending that the bank ...

Money Spent On Perks, Fringe Benefits Rose At Bailed Out Banks Last Year

Washington Post | Tomoeh Murakami Tse | Posted 05.25.2011 | Business

Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of t...

The Companies That Are Least Likely To Rrepay TARP | Rick Newman | Posted 05.25.2011 | Business

When CIT Group, a medium-sized lender, faced the threat of bankruptcy recently, it raised an uncomfortable prospect for the officials in Washington ma...

CIT Was A 'Wake-Up Call' For Small Companies | VICTORIA E. KNIGHT | Posted 05.25.2011 | Business

he troubles at CIT Group Inc., a key lender to small businesses, underscore the importance of developing back-up plans for borrowing. CIT's financi...

Small Businesses Left Out Of Bailout | JONATHAN WEISMAN | Posted 05.25.2011 | Business

WASHINGTON -- The White House's gamble to cut off aid to struggling lender CIT Group Inc. caps a string of decisions opening President Barack Obama to...

'Goldie Mac: WSJ Takes Attacks Goldman Sachs | Posted 05.25.2011 | Business

Yesterday saw one TARP recipient, Goldman Sachs, report $3.44 billion in profits even as another, CIT, teeters on the edge of either bankruptcy or ano...

CIT Group 'Too Big Too Fail'? | JULIE CRESWELL and STEPHEN LABATON | Posted 05.25.2011 | Business

The CIT Group is one of the nation's biggest lenders to small businesses. But a debate is swirling in Washington over whether it is large enough -- or...

CIT CEO Jeff Peek Pushed Company Into Risky Subprime | Ari Levy and Linda Shen | Posted 05.25.2011 | Business

July 14 (Bloomberg) -- CIT Group Inc. Chief Executive Officer Jeffrey Peek moved from a New Jersey office complex to a 28-story glass tower on Manhatt...

TARP Wife: Her Husband's Company, CIT Group, Posts Poor Earnings

Yahoo! Finance | Posted 05.25.2011 | Business

NEW YORK (AP) -- CIT Group Inc. shares plunged Thursday after the commercial lender reported a hefty loss for the first quarter on higher credit costs...