CIT Group Inc., a major business lender that's been devastated by the downturn in the credit markets, said Tuesday its chairman and CEO will resign at the end of the year. CEO Jeffrey M. Peek is ...

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 ...

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 ...

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 ...

SINGAPORE/NEW YORK (Reuters) - Avolon Holdings, part of China's acquisitive HNA Group, is acquiring CIT Group's (CIT.N) aircraft leasing assets worth $10 billion (8.16 billion pounds) in a deal that ...

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.” ...

Appelbaum writes for the Washington Post. David Cho and Neil Irwin contributed to this report. WASHINGTON — CIT Group Inc., an important lender to smaller companies, moved closer to a bankruptcy ...

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 ...