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. First Citizens BancShares in Raleigh, N.C., agreed on Oct. 16 ...

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 ...

After struggling for months to avert bankruptcy, lender CIT Group has filed for bankruptcy protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands ...

So Ellen Alemany coming out of her retirement — with its tennis matches, Pilates classes and plum appointments on corporate boards — to oversee the turnaround of CIT Group grabbed attention across the ...

Shares in CIT Group popped 27% on Friday after First Citizens BancShares announced that it has entered into an all-stock merger of equals with the national lender to create the 19 th largest US bank ...

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After months of haggling with creditors to avoid bankruptcy, the commercial lender CIT Group filed for Chapter 11 protection on Sunday. Bondholders rejected the company's proposed debt swap but ...

NEW YORK (Reuters) - CIT Group Inc's bankruptcy filing could push at least some small businesses it finances to look for a new lender, but finding new credit will be tough. CIT filed for bankruptcy ...

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