CIT reported a Q1/20 loss of $628 million, compared to net income of $119 million in Q1/19. Q1/20 net revenue of $496 million was up 6% from $466 million in Q1/19. read more
APR 21, 2020 - 6:45 am
CIT outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary. read more
MAR 31, 2020 - 6:30 am
CIT received a 100% score on the Human Rights Campaign Foundation's 2020 Corporate Equality Index, a benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. read more
JAN 22, 2020 - 6:30 am
CIT Group hired Calvin Navatto as a business development officer in its Commercial Services business. read more
JAN 17, 2020 - 6:40 am
Appearing in the Monitor 100 ranking is an achievement, but only the most successful companies in the industry make it to the top of the list. Guest Editor Bill Verhelle sat down with the leaders of six top companies to discuss the strategies they use to maintain dominance in such a complex and competitive marketplace. ... read more
June 2019
David Harnisch joined CIT Group as president of Commercial Finance. Harnisch will succeed Jim Hudak, who is retiring after a 20-year career at CIT, effective September 3, 2019. read more
AUG 27, 2019 - 6:45 am
OneWest Bank launched a new small business banking promotion in which customers can earn up to $600 by opening a checking account, savings account and by financing equipment for their business. read more
AUG 22, 2019 - 6:20 am
CIT announced the appointment of Elijah Kaplan to lead CIT Northbridge Credit business development efforts across the Northeast. read more
MAY 21, 2019 - 5:50 am
CIT’s first quarter net income available to common shareholders and income from continuing operations available to common shareholders were each $119 million or $1.18 per diluted common share. read more
APR 24, 2019 - 6:50 am
Amna Mahmood has been promoted to managing director, national underwriting manager, in CIT’s Commercial Services business. read more
APR 1, 2019 - 6:15 am
CIT’s Southern California retail bank division, OneWest Bank, won a 2019 Gold Stevie Award in the category of Customer Service Success, Financial Service Industries. It is the bank’s second consecutive Stevie Award. read more
FEB 28, 2019 - 6:30 am
CIT joined the No. 10 Konica Minolta Cadillac DPi-V.R family as the exclusive banking sponsor. The announcement was made at the annual Roar Before the 24 Test Days at Daytona International Speedway. read more
JAN 7, 2019 - 6:35 am
As bank-owned equipment finance companies continue to dominate the industry, they must deal with the changing times. Executives from PNC, CIT, Key and Regions offer their views on 2017 and 2018 performance, tax reform, alternative financing, technology and credit quality in the current marketplace.... read more
July/August 2018
CIT Group added Jason Cha to its Communications & Technology Finance team in its Commercial Finance division. Cha began his career with the Leveraged Finance group at Lehman Brothers/Barclays Capital. read more
JUN 29, 2018 - 6:24 am
Terry Mulreany
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