CIT Group News

The lingering recovery of the U.S. economy has caused restaurateurs to adapt to a "new normal," one in which they are now more efficient and innovative in order to increase sales and profit margins.

CIT Group has taken the biggest step yet to break free of its junk-rating shackles, winning kudos from the market as it prepares to pay off the last of its bankruptcy debt.

CIT Group was upgraded by equities research analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued to investors on Thursday.

Financial stocks are all over the board, with a lot seeming to be not worth the time, some downright pug-ugly bad while a few diamonds still shine amid the dross.

CIT Group Inc. cit.com, a leading provider of financing to small businesses and middle market companies, today announced that it will redeem all of its nearly $4 billion of remaining 7% Series A Second-Priority Secured Notes including approxim CIT Group Inc.

Lender CIT Group is making good on its long-time plans for foreclosure at Noho's 654 Broadway .

CIT Group Inc.A , a leading provider of financing to small businesses and middle market companies, today announced the pricing of a private placement of $3.25 billion aggregate principal amount of Series C Second-Priority Secured Notes, consisting of $1.5 billion principal amount due 2015 and $1.75 billion principal amount due 2019 .

A 19,929-square-foot residential building at 654 Broadway will hit the auction block March 7, according to data from PropertyShark.com, after the lender filed to foreclose on a $12 million loan made to its developer in 2007.

CIT Group 's stock had its "hold" rating reaffirmed by research analysts at Jefferies Group in a report issued on Wednesday.

TD Bank will take a $255 million charge in the first quarter , after it was hit with a $67 million verdict against it earlier this month, related to its role in Scott Rothstein's $1.2 billion South Florida Ponzi scheme.

Holding Corporation traded lower by nearly 5%. The selloff may have been prompted by a Reuters report.

CIT Group joined big Wall Street banks in reporting dismal fourth-quarter profits Tuesday.

There are reports that CIT will again stop giving loans to suppliers of Sears and if true, it could deliver a death blow to the retailer.

CIT, which in late 2009 emerged from a brief bankruptcy, said it made progress in increasing loan volume across its four business segments and redeemed about $860 million of high-cost debt in the quarter.

Good day, ladies and gentlemen, and welcome to the Fourth Quarter and Year-End 2011 Earnings -- CIT Earnings Conference Call.

CIT Group , a lender to small and medium-sized businesses, saw its earnings plummet 59% in the fourth quarter hurt by the effects of accounting changes and payments on debt.

CIT Group reported net income of $34 million for the fourth quarter and $28 million for the year ended December 31, 2011.

CIT Group Inc, the business lender led by former Merrill Lynch Chief Executive John Thain, said its quarterly profit fell 59 percent on lower interest income.

CIT Group 's stock had its "neutral" rating reaffirmed by analysts at Nomura in a research report issued to clients and investors on Friday.

The American Banker reports Walter J. Owens, who has led TD Bank's commercial banking and specialty lending units, has left the company.