Avolon placed $2.975 billion with five banks: Barclays, JPMorgan Chase, BNP Paribas, Credit Agricole and SunTrust Bank to support its purcahse of CIT's commercial aircraft leasing business. read more

NOV 4, 2016 - 6:47 am

According to CIT Group’s Voice of the Middle Market study, 80% of executives in the space foresee expansion and diversification over the next 12 months. read more

OCT 27, 2016 - 6:33 am

CIT entered into an agreement to sell its commercial air business to Avolon Holdings for a purchase price of $10 billion. The transaction is expected to close by the end of Q1/17. read more

OCT 7, 2016 - 7:11 am

CIT Group completed the sale of its Canadian equipment finance and corporate finance businesses (CIT Canada), with assets of approximately $700 million, to Laurentian Bank of Canada. read more

OCT 4, 2016 - 7:11 am

According to a report from CIT Group, new-technology single aisle aircraft create revenue opportunities and reduce operating costs. read more

SEP 26, 2016 - 7:57 am

CIT Group appointed Stuart Alderoty executive vice president, general counsel and corporate secretary. Alderoty previously served as general counsel for HSBC North America Holdings. read more

SEP 14, 2016 - 6:53 am

Reuters reported Avolon Holdings is nearing a deal to buy the aircraft leasing assets of CIT for between $3 billion and $4 billion. read more

SEP 7, 2016 - 6:45 am

CIT Group reported Q2/16 net income of $14 million compared to net income of $115 million in Q2/15. CIT noted a net loss of $167 million that relates to a reverse mortgage servicing business that was part of the OneWest Bank acquisition. read more

JUL 28, 2016 - 7:53 am

CIT Corporate Banking provided $34 million in senior secured credit facilities to The Sun Valley Group. The facilities will be used for working capital and recapitalization. read more

JUL 15, 2016 - 6:40 am

CIT filed an initial Form 10 Registration Statement with the SEC in conjunction with the separation of its commercial aircraft leasing business. read more

JUL 1, 2016 - 6:57 am

CIT Group reached a definitive agreement to sell its Canadian equipment finance and corporate finance businesses, with more than $700 million in assets, to Laurentian Bank of Canada. read more

JUN 30, 2016 - 7:02 am

According to a study from CIT, 52% of commercial real estate executives believe that their segment of the market is either strong or very strong and 71% say adequate capital is available for investment. read more

MAY 10, 2016 - 5:51 am

CIT reported Q1/16 net income of $147 million compared to $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. read more

APR 28, 2016 - 7:38 am

According to an exclusive study released by CIT Group, 55% of healthcare executives say they are expecting to seek financing in the next 12 months. read more

APR 26, 2016 - 7:31 am

CIT Group appointed John C. Erickson president of Consumer Banking and president, California. read more

APR 26, 2016 - 7:08 am