BUSINESS
08/14/2009 05:12 am ET Updated May 25, 2011

CIT CEO Jeff Peek Pushed Company Into Risky Subprime Bets

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 Manhattan's 42nd Street featuring a lobby bathed in blue, green and red. Three years later, he's fighting to keep the lights on at the century-old finance firm.

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