CIT Group To Exit Bankruptcy Protection
NEW YORK — CIT Group Inc., one of the nation's biggest lenders to small and mid-sized businesses, said Tuesday that a judge approved its reorgan...
Cit Group
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Icahn Loans CIT $1 Billion, Backs Restructuring Plan
AP | STEPHEN BERNARD | Posted 10.30.2009 | Business
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NEW YORK — Commercial lender CIT Group Inc. said Friday that billionaire investor and bondholder Carl Icahn agreed to support the company's rest...
Money Spent On Perks, Fringe Benefits Rose At Bailed Out Banks Last Year
Washington Post | Tomoeh Murakami Tse | Posted 10.20.2009 | Business
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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...
Carl Icahn Extends CIT $6 Billion Loan To Help Stay Afloat
AP | STEPHEN BERNARD | Posted 10.19.2009 | Business
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NEW YORK — In another sign that CIT Group Inc. is struggling to restructure its debt, billionaire investor Carl Icahn offered the lender a $6 bi...
Jeffrey Peek, CIT Group CEO, Plans To Resign
AP | STEPHEN BERNARD | Posted 10.13.2009 | Business
NEW YORK — CIT Group Inc., struggling as it continues efforts to restructure its debt, said Tuesday chairman and CEO Jeffrey M. Peek will resign...
The Worst Bailout Offenders: Companies Most Likely To Lose Taxpayers
usnews.com | Rick Newman | Posted 08.29.2009 | Business
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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's Failure A Wake-Up Call For Small Companies
wsj.com | VICTORIA E. KNIGHT | Posted 08.22.2009 | Business
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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...
CIT's Private Rescue Could Be Turning Point In Economic Crisis
AP | Daniel Wagner and Stevenson Jacobs, AP Business Writers | Posted 08.21.2009 | Business
WASHINGTON (AP) -- With bondholders coming to the rescue of troubled commercial lender CIT Group Inc., and not the government, a new reality is settin...
Small Businesses Left Out Of Bailout
wsj.com | JONATHAN WEISMAN | Posted 08.17.2009 | Business
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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...
CIT Explained: What If It Fails?
AP | CANDICE CHOI | Posted 08.16.2009 | Business
NEW YORK — You may not have heard of CIT Group Inc., but there's a good chance you've shopped in stores that it helps keep in business. The New...
CIT Denied Bailout, Bankruptcy Likely
AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 08.16.2009 | Business
NEW YORK — Denied a federal bailout, CIT Group Inc. said late Thursday its board and management continue to seek alternatives to shore up the co...
'Goldie Mac': WSJ's Goldman Sachs Barb
wsj.com | Posted 08.15.2009 | Business
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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: Washington Considers If Lender Is 'Too Big Too Fail'
nytimes.com | JULIE CRESWELL and STEPHEN LABATON | Posted 08.14.2009 | Business
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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 Bets
bloomberg.com | Ari Levy and Linda Shen | Posted 08.14.2009 | 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...
CIT Group Talks Bailout With Regulators
AP | IEVA M. AUGSTUMS | Posted 08.13.2009 | Business
CHARLOTTE, N.C. — Shares of diversified lender CIT Group Inc. plunged Monday even as U.S. Treasury Secretary Timothy Geithner indicated there could ...
TARP Wife: Her Husband's Company, CIT Group, Posts Poor Earnings
Yahoo! Finance | Posted 05.25.2009 | Business
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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...
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AP | STEPHEN BERNARD | Posted 12.08.2009 | Business