CIT Group Promotes Green to President of CIT Europe
Posted by The Distressed Debt Report on December 13, 2011
Middle-market lender CIT Group Inc. promoted Richard Green to president of CIT Europe, where he will…
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Higher expenses eat into CIT Group’s Q4 profit
Posted by Reuters: Business News on February 15, 2011
BANGALORE (Reuters) – CIT Group Inc , which emerged from bankruptcy in December 2009, reported a drop in quarterly profit compared with the third quarter, as the commercial lender was hurt by a fall…
CIT Group Q4 profit falls sequentially
Posted by Reuters: Business News on
(Reuters) – CIT Group Inc reported a sequential drop in quarterly profit as the commercial lender was hurt by a fall in interest income and higher expenses.
CIT Q2 profit beats Street view
Posted by Reuters: Business News on July 27, 2010
NEW YORK (Reuters) – CIT Group , the commercial lender that last year emerged from bankruptcy, on Tuesday reported a quarterly profit that dwarfed analysts’ estimates.
CIT sets John Thain’s salary at $6 million a year
Posted by Reuters: Business News on February 8, 2010
NEW YORK (Reuters) – CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million, most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration’s pay czar.
CIT sets John Thain’s salary at $6 million per year
Posted by Reuters: Business News on
(Reuters) – CIT Group Inc said its new chief executive John Thain will get an annual salary of $6 million, mostly in restricted stock.
CIT Group seeks judge’s OK on bankruptcy exit plan
Posted by Reuters: Business News on December 8, 2009
NEW YORK (Reuters) – U.S. small business lender CIT Group Inc headed to court on Tuesday to ask a New York bankruptcy judge for approval of its prepackaged reorganization plan.
Icahn raises purchase price for CIT notes to $650
Posted by Reuters: Business News on November 15, 2009
NEW YORK (Reuters) – Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered.
CIT bankruptcy plan may win OK at December 8 hearing
Posted by Reuters: Business News on November 3, 2009
NEW YORK (Reuters) – A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc’s reorganization plan, aiding the large commercial lender’s effort to emerge from bankruptcy by year’s end.
CIT bankruptcy assigned to judge who had GM case
Posted by Reuters: Business News on November 2, 2009
NEW YORK (Reuters) – CIT Group Inc’s bankruptcy case was assigned on Monday to U.S. Bankruptcy Judge Robert Gerber, the same judge who oversaw the recent reorganization of the automaker General Motors Co.
