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
CIT announced that CEO John A. Thain will retire effective March 31, 2016 and will be replaced by Ellen R. Alemany. CIT also said corporate controller Carol Hayles will be promoted to CFO effective November 1, 2015. read more
OCT 22, 2015 - 7:17 am
CIT said it would explore strategic alternatives for its $10 billion Commercial Air business and sell its CIT Canada and CIT China businesses to advance its transition to a U.S. commercial bank. read more
OCT 22, 2015 - 7:09 am
Terry Mulreany
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