The New York Times

CIT Group Inc.

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 ...
St. Louis Post-Dispatch

CIT has 'tentacles' all over Problems at short-term lender send panic throughout the retail industry.

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 ...
Becker's ASC

CIT Group Seeking Overseas Funding to Support Lending

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 ...
Reuters

CIT bankruptcy to leave small businesses concerned

NEW YORK (Reuters) - CIT Group Inc's bankruptcy filing could push at least some small businesses it finances to look for a new lender, but finding new credit will be tough. CIT filed for bankruptcy ...
St. Louis Post-Dispatch

Bondholders will bail out CIT Group Rescue is first in crisis without federal help or oversight.

Commercial lender CIT Group Inc. confirmed late Monday that it has secured a $3 billion bailout from its bondholders, saving the company from filing for bankruptcy. It's a new twist in the financial ...
The Atlantic

CIT Group Goes Bankrupt--Who Wins, Who Loses?

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 ...
HousingWire

CIT Group Cites Reverse Mortgage ‘Weakness’ for Delayed Financial Report

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 ...
Insurancenewsnet.com

CIT Serves as Sole Lead Arranger on $60 Million Financing for Partners Pharmacy

NEW YORK, Aug. 15, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit has served as sole lead arranger on a $60 million senior secured credit facility to ...
Reuters

Avolon Holdings to buy CIT Group's aircraft leasing unit for $10 billion

(Reuters) - Avolon Holdings Ltd, part of China's acquisitive HNA Group, said on Thursday it agreed to buy the aircraft leasing business of CIT Group Inc for $10 billion to create the world's ...
Los Angeles Business Journal

Community Group to Oppose CIT-OneWest Deal

The California Reinvestment Coalition, an organization that advocates for banks to do more for low-income communities, will oppose the planned purchase of Pasadena’s OneWest Bank by Livingston, N.J., ...
NPR

Retail Lender CIT Group Files For Bankruptcy

CIT Group Inc. provides financing to about 1 million small and mid-sized businesses. Its bankruptcy filing Sunday could be one of the biggest in U.S. corporate history. The government lent CIT more ...