http://www.advfn.com/nyse/rss.asp?symbol=CIT Cit Group Company Newsfeed en Mon, 20 May 2013 18:17:19 EDT Mon, 20 May 2013 18:17:19 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=57655183&headline=cit-group-executive-votek-joining-annaly-as-chief-administrative http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=57655183&headline=cit-group-executive-votek-joining-annaly-as-chief-administrative <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Longtime CIT Group Inc. (CIT) executive Glenn Votek has left the business lender and is joining Annaly Capital Management Inc. (NLY), a real-estate investment trust, to become chief administrative officer. </p> <p> Mr. Votek, who had been with... Mon, 20 May 2013 18:17:19 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=57036928&headline=cit-ceo-thains-compensation-fell-in-2012 http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=57036928&headline=cit-ceo-thains-compensation-fell-in-2012 <div class='newsbody'><p> CIT Group Inc. (CIT) Chief Executive John Thain's compensation was cut in half in 2012, according to a calculation of his pay under regulatory guidelines the company released Thursday. </p> <p> Mr. Thain, the former Merrill Lynch CEO who took the helm of CIT in early 2010, received... Thu, 04 Apr 2013 18:10:08 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=56483694&headline=discover-adds-checking-accounts-in-race-for-deposits http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=56483694&headline=discover-adds-checking-accounts-in-race-for-deposits <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Discover Financial Services (DFS) is adding checking accounts to its array of financial-services products as the credit-card lender continues to build out its online bank. </p> <p> The accounts are expected to help Discover further broaden its... Wed, 27 Feb 2013 09:56:16 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=56052529&headline=ntsb-steps-up-boeing-787-battery-probe http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=56052529&headline=ntsb-steps-up-boeing-787-battery-probe <div class='newsbody'><p> U.S. air-safety investigators Tuesday said they are stepping up microscopic and chemical examinations of the lithium-ion battery that caught fire aboard a parked Japan Airlines Co. (9201.TO) Boeing 787 three weeks ago, still seeking to determine whether internal defects may... Tue, 29 Jan 2013 20:00:07 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=56005662&headline=cit-investors-await-word-on-capital-returns-lending-growth http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=56005662&headline=cit-investors-await-word-on-capital-returns-lending-growth <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> CIT Group Inc. (CIT) has proven there is life after bankruptcy. </p> <p> Three years after emerging from Chapter 11 proceedings, the specialty business lender has wiped out more than $31 billion in high-cost debt, purged troubled assets and... Fri, 25 Jan 2013 16:16:08 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=55680702&headline=cit-places-firm-order-for-10-airbus-a350-xwb-aircraft http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=55680702&headline=cit-places-firm-order-for-10-airbus-a350-xwb-aircraft <div class='newsbody'><p> By Nadya Masidlover </p> <p> PARIS--U.S.-based bank holding company CIT Group Inc. (CIT) has signed an order for 10 Airbus A350-900 aircraft, the aircraft maker said Thursday. </p> <p> Airbus, a unit of European Aeronautic Defence &amp; Space Co. NV (EAD.FR), said it is the... Thu, 03 Jan 2013 09:26:46 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=55680194&headline=u-s-hot-stock-futures-hot-stocks-to-watch http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=55680194&headline=u-s-hot-stock-futures-hot-stocks-to-watch <div class='newsbody'><p> Among the companies with shares expected to actively trade in Thursday's session are Family Dollar Stores Inc. (FDO), Biogen Idec Inc. (BIIB) and Gap Inc. (GPS). </p> <p> Family Dollar's fiscal first-quarter profit missed expectations as the discount retailer reported a holiday... Thu, 03 Jan 2013 09:12:01 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=55647721&headline=consumer-business-borrowers-to-take-hit-regardless-of-cliff http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=55647721&headline=consumer-business-borrowers-to-take-hit-regardless-of-cliff <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> Consumers and business will take a financial hit regardless of whether Congress finalizes a deal addressing the so-called "fiscal cliff," as taxes appear certain to rise for many Americans under any plan, experts say. </p> <p> Some economists... Mon, 31 Dec 2012 15:48:09 EST http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=54346452&headline=bofas-governance-change-promises-in-settlement-raise-eyebrows http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=54346452&headline=bofas-governance-change-promises-in-settlement-raise-eyebrows <div class='newsbody'><pre> By Liz Moyer </pre> <p> It could be Bank of America's (BAC) Golden Age of corporate governance, and investors will have all of 27 months to enjoy it. </p> <p> As part of the bank's proposed $2.43 billion settlement with investors over the vexed merger with Merrill Lynch, BofA... Fri, 28 Sep 2012 16:13:59 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=54283376&headline=thain-seeking-buyer-for-cit-group http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=54283376&headline=thain-seeking-buyer-for-cit-group <div class='newsbody'><p> CIT Group Inc. (CIT) Chairman and Chief Executive John Thain is seeking a buyer for the company, Fox Business Network's Charlie Gasparino reported Monday. </p> <p> Thain, the former Merrill Lynch chairman, is reportedly interested in running a larger organization, and the sale... Mon, 24 Sep 2012 14:20:25 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=53936833&headline=thai-mof-names-13-institutions-primary-dealers-in-bond-market http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=53936833&headline=thai-mof-names-13-institutions-primary-dealers-in-bond-market <div class='newsbody'><pre> By Phisanu Phromchanya </pre> <p> BANGKOK--The Ministry of Finance said Friday has appointed 13 private financial institutions as its primary dealers to act as market makers in both the primary and secondary bond markets, effective Oct. 1. </p> <p> The selected institutions... Fri, 24 Aug 2012 08:29:24 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=53882462&headline=cit-group-chips-away-at-more-high-cost-debt http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=53882462&headline=cit-group-chips-away-at-more-high-cost-debt <div class='newsbody'><p> --Company paying down remaining $681 million of Series C notes </p> <p> --Debt redemptions will result in up to $460 million in fresh-start accounting costs in third quarter </p> <p> --Company has paid down or refinanced about $31 billion of debt since 2010 </p> <p> Business... Mon, 20 Aug 2012 12:40:26 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=53662654&headline=cit-group-selling-3-billion-in-two-part-bond-deal http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=53662654&headline=cit-group-selling-3-billion-in-two-part-bond-deal <div class='newsbody'><p> CIT Group Inc. (CIT) plans to sell $3 billion of high-yield bonds in a two-part deal Tuesday, marking its largest bond offering since coming out of bankruptcy in late 2009. </p> <p> The small- and middle-market business lender, run by finance veteran John Thain, is offering... Tue, 31 Jul 2012 16:30:24 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=53639140&headline=cit-loss-widens-on-interest-income-drop-charges http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=53639140&headline=cit-loss-widens-on-interest-income-drop-charges <div class='newsbody'><p> --CIT redeemed $4.1 billion of 7% Series C notes in second quarter </p> <p> --Company saw improvements in lending profitability </p> <p> --Loan activity in its bank unit increased </p> <p> CIT Group Inc. (CIT), the business lender led by Wall Street veteran John Thain, reported... Mon, 30 Jul 2012 08:40:15 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=52770950&headline=cit-group-eyes-deposit-acquisition-to-grow-bank-funding http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=52770950&headline=cit-group-eyes-deposit-acquisition-to-grow-bank-funding <div class='newsbody'><pre> By Andrew R. Johnson </pre> <p> CIT Group Inc. (CIT) is eying potential acquisitions to make the commercial lender "more bank-like" as it continues efforts to shrink funding costs, Chief Executive John Thain said Thursday. </p> <p> Mr. Thain, who is leading CIT on a multiyear... Thu, 14 Jun 2012 11:47:19 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=52610860&headline=cit-angling-to-steal-share-from-big-banks http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=52610860&headline=cit-angling-to-steal-share-from-big-banks <div class='newsbody'><pre> By Andrew R. Johnson Of DOW JONES NEWSWIRES </pre> <p> NEW YORK -(Dow Jones)- More than two years after emerging from bankruptcy, CIT Group Inc. (CIT) is no longer shy about its aspirations to wrangle more financing deals from competing lenders like Wells Fargo &amp; Co. (WFC... Wed, 30 May 2012 16:09:31 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=52304053&headline=barclays-rolls-out-online-bank-accounts-in-u-s-as-it-pushes http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=52304053&headline=barclays-rolls-out-online-bank-accounts-in-u-s-as-it-pushes <div class='newsbody'><pre> By Andrew R. Johnson Of DOW JONES NEWSWIRES </pre> <p> NEW YORK -(Dow Jones)- Barclays PLC's (BCS, BARC.LN) U.S. operation is getting into the online-banking business as it works to diversify funding for its growing credit-card operations. </p> <p> The British bank said Monday... Mon, 07 May 2012 09:37:51 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=52016014&headline=cit-names-former-bank-of-america-executive-to-cio-role http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=52016014&headline=cit-names-former-bank-of-america-executive-to-cio-role <div class='newsbody'><pre> By Andrew R. Johnson Of DOW JONES NEWSWIRES </pre> <p> NEW YORK -(Dow Jones)- CIT Group Inc. (CIT) continues to round out its management with the appointment of former Bank of America Corp. (BAC) executive Stacey Goodman to the roles of chief information officer and executive... Mon, 16 Apr 2012 09:51:49 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=51739789&headline=street-moves-janney-hires-kbw-financial-analyst http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=51739789&headline=street-moves-janney-hires-kbw-financial-analyst <div class='newsbody'><pre> By Alexandra Scaggs OF DOW JONES NEWSWIRES </pre> <p> NEW YORK -(Dow Jones)- Janney Capital Markets has added Sameer Gokhale to its equity research team, where he will cover specialty finance firms. </p> <p> He was previously with Keefe, Bruyette &amp; Woods, where he covered... Thu, 22 Mar 2012 16:50:06 EDT http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=51540450&headline=cit-purchases-200-million-aircraft-loan-portfolio http://www.advfn.com/nyse/StockNews.asp?stocknews=CIT&article=51540450&headline=cit-purchases-200-million-aircraft-loan-portfolio <div class='newsbody'><pre> By Andrew R. Johnson Of DOW JONES NEWSWIRES </pre> <p> NEW YORK -(Dow Jones)- Business lender CIT Group Inc. (CIT) bought a $200 million aircraft-loan portfolio from an undisclosed European bank, the company said Thursday. </p> <p> The portfolio consists of seven aviation... Thu, 08 Mar 2012 09:46:08 EST