CIT
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CIT (NYSE: CIT) is a global commercial finance company that provides financial products and advisory services to more than one million customers in over 50 countries across 30 industries. A leader in middle market financing, CIT has more than $80 billion in managed assets and provides financial solutions for more than half of the Fortune 1000. A member of the S&P 500 and Fortune 500, it maintains leading positions in asset-based, cash flow and Small Business Administration lending, equipment leasing, vendor financing and factoring. The CIT brand platform, Capital Redefined, articulates its value proposition of providing its customers with the relationship, intellectual and financial capital ...
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(AFX UK Focus) 2009-01-08 02:39 CIT expects fourth quarter loss (Interactive Investor)
NEW YORK, Jan 7 (Reuters) - CIT Group Inc, a commercial finance firm that has become a bank holding company to qualify for government help, said on Wednesday it expects to report a fourth quarter loss. The company said in a regulatory filing the loss for the quarter ended Dec 31, 2008, reflected a significant increase in reserve for credit losses, further compression of net interest margin, ...
From - 6 hours ago
CIT Posts Fourth-Quarter Loss on Bad Commercial Loans
Jan. 7 (Bloomberg) -- CIT Group Inc. , the commercial lender that converted to a bank to win access to the federal bailout program, was unprofitable for the seventh consecutive quarter as it set aside more money to cover bad loans.
From Update1 - 10 hours ago
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