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 ...
AP | STEPHEN BERNARD | Posted 05.25.2011
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...
AP | STEPHEN BERNARD | Posted 05.25.2011
NEW YORK — Commercial lender CIT Group Inc. said Friday that billionaire investor and bondholder Carl Icahn agreed to support the company's rest...
AP | STEPHEN BERNARD | Posted 05.25.2011
NEW YORK — CIT Group Inc., struggling as it continues efforts to restructure its debt, said Tuesday chairman and CEO Jeffrey M. Peek will resign...
Washington Post | Tomoeh Murakami Tse | Posted 05.25.2011
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...
AP | STEPHEN BERNARD | Posted 05.25.2011
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...
usnews.com | Rick Newman | Posted 05.25.2011
When CIT Group, a medium-sized lender, faced the threat of bankruptcy recently, it raised an uncomfortable prospect for the officials in Washington ma...
wsj.com | VICTORIA E. KNIGHT | Posted 05.25.2011
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...
AP | Daniel Wagner and Stevenson Jacobs, AP Business Writers | Posted 05.25.2011
WASHINGTON (AP) -- With bondholders coming to the rescue of troubled commercial lender CIT Group Inc., and not the government, a new reality is settin...
wsj.com | JONATHAN WEISMAN | Posted 05.25.2011
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...
AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 05.25.2011
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...
AP | CANDICE CHOI | Posted 05.25.2011
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...
wsj.com | Posted 05.25.2011
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...
bloomberg.com | Ari Levy and Linda Shen | Posted 05.25.2011
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...
nytimes.com | JULIE CRESWELL and STEPHEN LABATON | Posted 05.25.2011
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...
AP | IEVA M. AUGSTUMS | Posted 05.25.2011
CHARLOTTE, N.C. — Shares of diversified lender CIT Group Inc. plunged Monday even as U.S. Treasury Secretary Timothy Geithner indicated there could ...
Yahoo! Finance | Posted 05.25.2011
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...
New York Times | Stephanie Strom | Posted 06.04.2011