Search for: "CIT GROUP"
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22 Dec 2009, 11:31 pm
The chief financial officer of CIT Group is retiring, adding another executive search for a board that is already looking for a chief executive officer. [read post]
17 Jul 2009, 7:28 am
Cit Group, a lender to small and medium businesses, a major factor, asked for and was refused TARP funds this week. [read post]
1 Nov 2009, 11:15 am
The CIT Group filed for bankruptcy protection, a humbling event for the 101-year-old lender, but one expected to keep the company running. [read post]
8 Dec 2009, 11:40 am
The CIT Group, the large commercial lender, received bankruptcy court approval on Tuesday for its prepackaged reorganization plan, paving the way for it to exit Chapter 11 bankruptcy as early as this week. [read post]
27 Apr 2010, 4:44 am
CIT Group, the bank that exited bankruptcy in December, said Tuesday that it had a profit of $97 million for the first quarter, signaling that a major U.S. lender to small and midsize companies may be solidly on the road back to health. [read post]
17 Mar 2010, 5:04 am
CIT Group posted a $1 billion loss in the fourth quarter on Tuesday, excluding one-time items and accounting adjustments, as the recently bankrupt commercial lender was hurt by high borrowing and credit costs, Reuters reported. [read post]
6 Nov 2009, 7:43 am
Chicago Partner Michael Gesas has been interviewed by various media outlets regarding the CIT Group, Inc. filing for Chapter 11 bankruptcy protection. [read post]
3 Nov 2009, 7:21 pm
On November 2, 2009, CIT Group, Inc., a leading provider of financing to small businesses and middle market companies, filed for bankruptcy in the United States Bankruptcy Court for the Southern District of New York. [read post]
21 Jul 2009, 2:53 am
After four days of tense negotiations, the CIT Group announced that it has found investors willing to throw the troubled lender a financial lifeline. [read post]
2 Nov 2009, 5:55 am
WSJ's Mike Spector tells Dennis Berman while it's rare for financial firms to come out of Chapter 11, CIT might be the exception to the rule. [read post]
24 Jul 2009, 4:24 am
CIT Group, the commercial lender seeking to avoid collapse, might sell its aviation finance and rail finance operations, according to reports. [read post]
17 Jul 2009, 5:39 pm
By the close of business on Friday, the CIT Group remained locked in talks with private investors over a potential lifeline as it sought to stave off a bankruptcy filing. [read post]
28 Oct 2009, 1:31 pm
CIT Group rebuffed the activist investor in obtaining yet another emergency loan to stay alive. [read post]
20 Jul 2009, 12:39 pm
As the market waits for the CIT Group to formally announce its lifeline from a group of some of its biggest bondholders, DealBook has learned several more details about the plan. [read post]
8 Feb 2010, 3:27 pm
Fresh off announcing its new chief executive, the CIT Group said on Monday that it will repay $750 million of its $7.5 billion first-lien loan, debt that the firm described as "high cost. [read post]
2 Oct 2009, 3:41 pm
CIT Group filed a last-minute restructuring plan that will keep the massive lender in business. [read post]
14 Jul 2009, 5:15 am
A debate is swirling in Washington over whether CIT Group, one of the nation's biggest lenders to small businesses, is large enough -- or important enough -- to save. [read post]
26 Oct 2009, 5:17 am
The CIT Group has extended and sweetened its debt exchange offer in an effort to stave off an uncontrolled bankruptcy, the troubled lender said in a regulatory filing on Monday. [read post]
13 Jul 2009, 3:09 am
CIT Group, the struggling U.S. commercial lender, said it remained in active discussions with regulators on measures to improve its near-term liquidity position. [read post]
15 Feb 2011, 6:52 am
The CIT Group, the lender that emerged from bankruptcy in 2009, reported profit of $75 million for the fourth quarter of 2010, a 35 percent drop from the third quarter. [read post]
