CIT Changes Story Thread

CIT Frustrates Analysts on Air-Leasing Divestiture Plan

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

Alemany to Replace Thain as CIT CEO; Hayles Named CFO

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

CIT to Seek Commercial Air Alternative; Will Sell Canada, China Units

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

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