Macquarie Capital closed a $100 million debt financing of a battery-based energy storage project in Southern California. CIT Group was the lead investor joined by Rabobank and Sumitomo Mitsui Banking. read more

DEC 26, 2018 - 7:00 am

CIT Group will donate one and a half million meals this holiday season in partnership with Feeding America, exceeding the original goal of its One Million Meals campaign by 50%. read more

DEC 21, 2018 - 6:35 am

CIT Group announced that its Healthcare Finance business served as sole lead arranger of $21.4 million in senior secured credit facilities for Virtus Real Estate Capital. read more

DEC 14, 2018 - 6:25 am

CIT Group announced that Robert Rubino was named president of CIT Bank and head of Commercial Banking, effective February 25. read more

DEC 5, 2018 - 7:00 am

Bloomberg reported that HNA Group has put CIT’s Commercial Air business up for sale after purchasing it for $10 billion in 2016. read more

NOV 30, 2018 - 6:45 am

CIT Group announced a campaign in partnership with Feeding America inviting individuals to join in donating one million meals to people in need. read more

NOV 29, 2018 - 6:25 am

CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. Direct Capital will become CIT. read more

NOV 16, 2018 - 6:55 am

CIT Group named Evan Cohen as managing director and group head for its Maritime Finance business. read more

NOV 13, 2018 - 6:50 am

CIT Group announced that Alla Whitston joined as the chief technology officer reporting to Denise Menelly, executive vice president and head of technology and operations. read more

OCT 30, 2018 - 7:00 am

CIT Group reported Q3/18 net income, excluding items, of $131 million or $1.15 EPS compared to $139 million or $1.02 EPS a year earlier. Analysts had expected EPS of $1.14. The bank noted Commercial Finance and Business Capital loans were up 7.2% and 9.8% Y/Y respectively. read more

OCT 24, 2018 - 7:19 am

CIT’s Maritime Finance unit served as sole lead arranger on a $15 million senior secured loan for MRC Maritime Holdings, a ship-owning entity controlled by a NY-City based investment fund manager. read more

OCT 11, 2018 - 7:20 am

CIT Group completed the sale of NACCO, its European rail leasing business, for net proceeds of $1.1 billion. read more

OCT 5, 2018 - 6:55 am

CIT Group named Chris Ralston a director in the Lender Finance business within CIT’s Business Capital division. read more

SEP 21, 2018 - 7:20 am

CIT Healthcare Finance served as administrative agent and sole lead arranger on a $115 million first lien credit facility and as sole lead arranger on a $29 million second lien facility for Bristol Hospice. read more

SEP 14, 2018 - 7:15 am

CIT Group's Communications & Technology Finance unit served as sole lead arranger for a $25 million senior secured credit facility to Neutral Connect Networks. read more

SEP 11, 2018 - 6:45 am