CIT Group News

Anesiva, Inc. , a specialty pharmaceutical company focused on pain management, announced that it has successfully secured a term loan for up to $30 million.

CIT Group has completed the renewal of approximately $6 billion of facilities with multi-seller conduit providers that were scheduled to expire in the third quarter.

After a volatile, historic week on Wall Street that featured Lehman Brothers going bankrupt, Merrill Lynch being bought and the government bailing out AIG, culminating Sunday when the last large independent ...

Petro Resources Corp. , Houston, has received $65 million in debt financing through a $50-million senior secured revolving credit facility and a $15-million second-lien term loan to pay debt, fund its capital ...

Ms. Scott expertise lies in credit and risk management, strategic growth, hiring, coaching, training, SOX, SBA lending, and commercial real estate sales.

CIT Group served as the sole lead arranger in a $65 million financing deal for Petro Resources Corporation, a Houston-based independent oil and natural gas company.

FOXBusiness The Securities and Exchange Commission revised its order banning short sales on certain financial companies through Oct.

Friday was a wonderful day to be almost irresponsibly long AIG, E*TRADE Financial Corp.

Among the companies whose shares are expected to see active trade in Monday's session are 3Com, AutoZone, and CarMax.

Companies omitted include General Electric Co., American Express, Capital One, which all have huge financial-services businesses.

CIT Group has signed a commitment letter with Wells Fargo Bank, N.A. for a new five-year, $500 million secured facility that can be used by CIT to fund middle-market term and revolving loans.

CIT Group Inc. , a leading global commercial finance company, today announced that it had signed a commitment letter with Wells Fargo Bank, N.A. for a new 5 year, $500 million secured facility that can be used ...

Through this Aurigo will be able to offer end to end construction ERP solution to its customers in this region.

AIG An increasingly morose waiting game on a Fed sponsored rescue for AIG a gesture at odds with the central bank's ethos of late but ostensibly the company's last hope has shares down 37% to $3.00. Implied ...

The turmoil on Wall Street will affect a wide swath of New York City's cultural institutions, hurting corporate and individual donations at a time when these organizations are facing what one philanthropist ...

CIT Group served as joint lead arranger for a $29.3 million senior secured credit facility for Southern California Pizza Company, a portfolio company of Sentinel Capital Partners.

Shares of some top finance companies are down at noon: Bank of America fell $.80 or 2.3 percent, to $33.93. CIT Group fell $.63 or 5.5 percent, to $10.90. Citigroup fell $.83 or 4.1 percent, to $19.49. JPMorgan ...

CIT said it has decided to retain its $4.5 billion rail franchise; the company had been shopping the unit throughout the summer.

U.S. financial stocks returned to earth Tuesday morning, dropping about two percent across the board after rallying the previous session on the government takeover of Fannie Mae and Freddie Mac.

In addition to announcing that it has decided to retain its interest in its rail business, Jeffrey Peek noted during his presentation today, at Lehman Bros.