CIT Group (CIT) is turning into one of the most impressive comeback stories in financial services. Since going bankrupt in November, the commercial lender has put together two consecutive profitable ...

Small-business lender CIT Group Inc. said Friday it has sweetened some terms of a buyback offer for $1 billion of debt and repeated that it may have to seek bankruptcy protection if enough noteholders ...

CIT Group Inc. shares plunged Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a bid to ...

Prior to COVID-19, the market comprised too many capital providers chasing too few good deals, a scenario CIT Group’s Chris Niederpruem considered “the new normal … I don’t know what changes that.” ...

Wall Street is a forgiving place. How else would you explain the stunning turnaround of former Merrill Lynch CEO John Thain and the once bankrupt CIT Group? Well, a healthy business helps too. CIT ...

CIT Group Inc. ( CIT) announced that it has successfully completed the acquisition of Portsmouth, NH-based Direct Capital Corporation. The company executed this acquisition through its subsidiary CIT ...

NEW YORK -- Business lender CIT Group Inc. said today its Chief Executive Jeffrey Peek plans to resign at the end of the year. Devastated by the downturn in the credit markets, CIT has been trying to ...

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 ...