CIT reported Q2/17 net income of $157 million compared to $17 million for the same quarter a year ago. The company noted a pre-tax gain of $146 million on the sale of its Commercial Air business. read more

JUL 26, 2017 - 6:55 am

Bloomberg reported CIT fell in New York trading after incoming CEO Ellen R. Alemany outlined plans to cut costs and boost profitability, while offering little new information on the aircraft leasing divestiture. read more

MAR 24, 2016 - 6:52 am

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Ellen R. Alemany has been appointed CEO and president of CIT Bank, effective immediately. CIT also appointed Robert C. Rowe, Steve Solk and Kenneth A. Brause, CRO, president of CIT Business Capital and treasurer, respectively. read more

DEC 9, 2015 - 6:55 am