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
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
CIT Group appointed James J. Duffy as executive vice president and chief human resources officer. Duffy served with CIT from 2006 to 2010 and spent the last six years with Ally Financial. read more
AUG 31, 2016 - 6:14 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
Bloomberg reported CIT fell in New York trading after incoming CEO Ellen R. Alemany outlined plans to cut costs and boost profitability, while offering little new information on the aircraft leasing divestiture. read more
MAR 24, 2016 - 6:52 am
Ellen R. Alemany has been appointed CEO and president of CIT Bank, effective immediately. CIT also appointed Robert C. Rowe, Steve Solk and Kenneth A. Brause, CRO, president of CIT Business Capital and treasurer, respectively. read more
DEC 9, 2015 - 6:55 am
CIT announced that CEO John A. Thain will retire effective March 31, 2016 and will be replaced by Ellen R. Alemany. CIT also said corporate controller Carol Hayles will be promoted to CFO effective November 1, 2015. read more
OCT 22, 2015 - 7:17 am