CIT Group, the New York consumer- and commercial-finance company, is pursuing funding from an overseas bank to support its lending business, according to the March 24 Wall Street Journal. The news ...

Container ship opertor MPC Container Ships has entered into a $70 million three-year revolving credit facility agreement with CIT Group. The company said the loan had attractive terms.MPC Container ...

A Jersey City tower built by the family firm was financed with some $190 million in loans, including $50 million through the so-called EB-5 visa program. By Jesse Drucker and Charles V. Bagli In a ...

Business lender CIT Group says it has completely drawn its $3 billion credit line as it works to restructure. The company also called a halt to paying dividends on its preferred stock. CIT Group ...

Will CIT Group's troubles provide a body blow to the already stressed retail industry? As CIT (NYSE: cit), a lender to many small and medium-sized businesses, rushes to avoid a bankruptcy filing, many ...

CIT Group, Inc. (NYSE: CIT), the financial holding company which last year purchased the parent company of now-defunct reverse mortgage lender Financial Freedom, reported a delay in filing its annual ...

WASHINGTON — CIT Group Inc. shares tumbled 75 percent Thursday as its inability to get emergency government funding raised expectations that the commercial lender will file for bankruptcy protection.

Clocking in as the fifth largest bankruptcy in U.S. history, CIT Group filed for Chapter 11 bankruptcy protection on Sunday. The 101-year-old commercial lender will try to restructure its debt while ...

CIT Group Inc., a major lender to small and midsize businesses that has struggled under mounting losses and tight credit availability, has amended its debt restructuring offer to enlist more ...

CIT Group Inc. provides financing to about 1 million small and mid-sized businesses. Its bankruptcy filing Sunday could be one of the biggest in U.S. corporate history. The government lent CIT more ...