CIT appointed Penny Fine as managing director to lead business development for CIT Northbridge Credit. Fine served as EVP and head of National Restructuring at CIT from 2005 to 2008. read more

AUG 29, 2017 - 7:07 am

CIT Group’s Real Estate Finance business provided a $60 million senior secured construction loan to Edward J. Minskoff Equities, a privately held real estate investment and development firm. read more

AUG 16, 2017 - 6:58 am

CIT added Maurice Smith and Susan Taldone to its equipment finance division to support the growth of its industrial market segments. read more

AUG 8, 2017 - 6:49 am

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

CIT Group named Michael Vallorosi as managing director of its franchise finance business and Christopher Wren as a sales vice president of its restaurant franchise finance practice. read more

JUL 21, 2017 - 6:54 am

CIT Group said Khanh T. Tran was appointed to the CIT board of directors. He will also serve on the board of CIT Bank. Tran’s background includes senior executive positions with Pacific Life, Aviation Capital and Flying Tiger Line. read more

JUL 19, 2017 - 7:13 am

CIT Bank announced a strategic partnership with Allstate. The joint venture, CIT Northbridge Credit, will provide revolving and term loan commitments to middle market companies. read more

JUL 11, 2017 - 6:55 am

CIT reached agreement to sell NACCO, the European rail leasing business to German-based VTG for $890 million, plus freight car investments between January 1, 2017 and closing which could be up to $160 million. read more

JUL 5, 2017 - 7:26 am

CIT Group served as administrative agent and sole lead arranger for a $140 million credit facility for residential solar provider Sunnova Energy. read more

JUN 14, 2017 - 7:25 am

CIT Group’s Healthcare Finance business provided a $65 million senior secured credit facility to QMES, a distributor of durable medical equipment to patients in the Northeast. read more

JUN 2, 2017 - 6:30 am

CIT Group’s Direct Capital has provided more than $4 billion in equipment financing and working capital loans to more than 100,000 small businesses since its inception in 1993. read more

MAY 5, 2017 - 7:31 am

White Oak Global hired Kenneth Wendler as partner, chief credit officer and investment committee member. He was previously with CIT as CCO of the commercial finance business and investment committee vice chairman. read more

MAY 5, 2017 - 7:03 am

CIT reported Q1/17 net income from continuing operations was $78 million, up 28% from $61.0 million a year earlier. Provision for credit losses in Q1/17 was down 44.5% from $89.5 million a year earlier. read more

APR 25, 2017 - 7:49 am

CIT Group named John Fawcett executive vice president and chief financial officer, succeeding CFO Carol Hayles, who has decided to pursue other opportunities. read more

APR 14, 2017 - 7:21 am

CIT Group completed the sale of its commercial aircraft leasing business to Avolon Holdings for a purchase price of $10.4 billion. read more

APR 5, 2017 - 7:00 am