Subscribe to RSSCIT Posts Loss on Higher Costs – Analyst Blog
On Tuesday, CIT Group Inc. ( CIT ) reported a net income of $3.2 billion, including the reorganization benefit under the post-bankruptcy accounting known as Fresh...
CIT’s CFO follows CEO in retiring
NEW YORK The chief financial officer of CIT Group Inc is retiring, adding another executive search for a board that is already looking for a chief executive officer.CIT,...
CIT Rises on First Day of Trading After Lender Exits Bankruptcy
CIT Group Inc., the commerciallender that collapsed last month, rose in the first day oftrading after getting its turnaround plan approved and exitingbankruptcy....
Asian stocks retreat after weak US consumer mood, CIT bankruptcy; Tokyo tumbles over 2 pct
Asian stock markets slide amid US recovery doubts TOKYO — Asian stock markets fell Monday after grim news about American consumers sowed more doubts about the...
CIT board of directors approves prepackaged plan of reorganization with overwhelming support of debtholders
Nov 1 – CIT Group Inc: * Board of directors approves prepackaged plan of reorganization with overwhelming support of debtholders * Says no subsidiaries, including...
Five facts about CIT Group
NEW YORK, Nov 1 – CIT Group Inc, a lender to a million small and mid-sized U.S. businesses, filed for bankruptcy on Sunday. Here are a few facts about the...
CIT files for ch 11 bankruptcy protection
Nov 1 – CIT Group Inc: * Files for ch 11 bankruptcy protection * Files for ch 11 with $71.019 billion of assets as of June 30, $64.90 billion liabilities *...
CIT moves closer to pre-packaged bankruptcy approval
By Elinor Comlay and Walden Siew NEW YORK, Oct 30 – CIT Group has met at least one of the hurdles necessary to file for a prepackaged bankruptcy, sources said,...
VIX Jumps Most in Year as Plunge in Stocks Spurs Options Demand
The benchmark index for U.S. stockoptions rose the most in a year as consumer confidence andpersonal spending fell and CIT Group Inc. worked to avertcollapse. The...
CIT Group, US Steel, Lululemon, Scientific Games are among big market movers Tuesday
CIT Group, US Steel, Lululemon are big movers NEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York...
Report says CIT has reached a tentative deal with Goldman Sachs over loan payments
NEW YORK — CIT Group Inc., struggling to restructure billions in debt and stay out of bankruptcy court, could finalize a deal in the next 24 hours with Wall Street...
Icahn Sees ‘Knock-Down Drag-Out Fight’ on CIT’s Fate
CIT Group Inc. could raise as muchas $9 billion based on its assets, according to investor CarlIcahn, who said a “knock-down, drag-out fight may be brewingover...
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