Former head of Merrill Lynch John Thain likes what he's doing as CEO of CIT Group and is buying up shares of the company to show it. Thain bought 40,000 shares of CIT Group for $1.19 million yesterday ...

CIT Group Inc. shares plunged Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a bid to ...

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 ...

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 ...

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 ...

Negotiations over the sale of CIT Group in New York took place in fits and starts for nearly a year before a deal was reached last month. Processing Content First Citizens BancShares in Raleigh, N.C., ...

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 ...