Does CIT Group Understand Its Own Risks? The ability for CIT Group to accurately forecast and provision for its bad loans shows it has a strong understanding of the level of risk it is taking on. If ...

CIT Group Inc.'s CIT shares declined around 3.4% in the last two trading sessions after the company unveiled its strategic plan on Wednesday. The plan includes reducing operating expenses by $125 ...

NEW YORK & NEW HAMPSHIRE--(BUSINESS WIRE)--CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending, leasing and advisory services, entered ...

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 ...

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.” ...

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 ...

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are ...

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 ...

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component CIT Group, Inc. (NYSE: CIT) was identified as having a larger market cap than the smaller end of the S&P ...

Treasury Secretary Steve Mnuchin made around $11.2 million for his role as vice chairman of CIT Group in 2016, according to a Thursday Securities and Exchange Commission filing. Muchin received ...