CIT announced a joint venture with funds managed by TPG Special Situations Partners. The JV will have a target size of $500 million and will provide secured financing to companies in a variety of industries throughout the U.S. read more

AUG 27, 2015 - 8:11 am

CIT announced the appointment of James Paterson as vice president of Business Development for CIT Commercial Services. read more

AUG 14, 2015 - 6:53 am

CIT Maritime Finance provided a $32 million senior secured credit facility to Norstar Tankers to acquire two long range (LR1) product tankers. Financing was provided by CIT Bank. read more

AUG 14, 2015 - 6:33 am

Bloomberg reported that CIT CEO John Thain believes the next financial crisis could originate from online lenders, hedge funds or other unregulated entities taking on some of the greatest credit risks. read more

AUG 7, 2015 - 6:50 am

CIT Group said its Sponsor Finance unit provided senior secured credit financing to Altamont Capital Partners and Douglas Products to support the acquisition of the Vikane and ProFume businesses from Dow AgroSciences. read more

AUG 6, 2015 - 6:44 am

CIT Group reported Q2/15 net income of $115 million or $0.66 per diluted share which met the EPS consensus estimates by Thomson Reuters. CIT noted new lending and leasing volume of $1.6 billion in its NA Commercial Finance segment. read more

JUL 28, 2015 - 7:32 am

CIT Group’s $3.4 billion acquisition of OneWest Bank won approval from U.S. regulators after being delayed for almost one year. The merger will result in a combined business called CIT Bank. read more

JUL 22, 2015 - 6:33 am

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CIT Real Estate Finance has supplied a $44.7 million senior secured loan to Garrison Investment Group. read more

JUL 9, 2015 - 6:38 am

CIT Group provided a $75 million senior secured credit facility to an affiliate of AES Distributed Energy to finance its acquisition of residential solar systems across the U.S. through its MySolarSM program. read more

JUN 26, 2015 - 6:40 am

CIT group has selected the V2500 engine to power five Airbus A321ceo aircraft that it ordered in March 2015. read more

JUN 15, 2015 - 7:05 am

Bank of America reportedly hired Jeffrey Peek, who ran commercial lender CIT Group for six years, as an executive vice chairman in the global investment bank. read more

JUN 9, 2015 - 7:36 am

In its latest piece of market intelligence, CIT group head Neil Wessan observes that with the possibility of rising interest rates, middle market companies are potentially leaving themselves exposed to higher costs of capital in the future. read more

MAY 20, 2015 - 7:15 am

CIT Group announced that CIT Real Estate Finance provided a $41 million senior facility to Menin Development. read more

MAY 19, 2015 - 7:26 am

CIT Group announced the appointment of Rob Seltzer as managing director of CIT Capital Equipment Finance. Prior to joining CIT, Seltzer was the head of business development for PHH Mortgage. read more

MAY 14, 2015 - 7:18 am

Ryder System announced it recently extended its U.S. preferred lender agreement with CIT Group to now include Ryder customers in Canada. read more

MAY 5, 2015 - 7:15 am