CIT Group News

Eddie Lampert, founder of ESL Investments which has $19.5 billion in assets under management, made big cuts to holdings of CIT Group , Seagate Tech , Big Lots Inc.

The CIT Group has appointed Neil Wessan as MD and group head of CIT Capital Markets effective immedlatey.

Publicly traded financial lender CIT Group i s providing a senior secured asset-based credit facility to retailer John Varvatos Enterprises in conjunction with the company's acquisition by private equity firm Lion Capital .

Shares of CIT Group opened at 36.45 on Tuesday. CIT Group has a 52 week low of $27.68 and a 52 week high of $44.88. The company's market cap is $7.320 billion.

's stock had its "equalweight" rating restated by analysts at Barclays Capital in a research report issued to clients and investors on Tuesday.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy.

The Healthcare Businesswomen's Association Metro Chapter is kicking off its Careers in Transition program series on Thursday May 24th at the Shongum Lake Clubhouse, Randolph, New Jersey.

The move, which was reported in various financial media outlets over the weekend, is a way for the bank to raise more dollar-denominated funding as it seeks to expand its already established credit card operations in the United States.

According to GuruFocus Insider Data , these are the largest CEO buys during the past week.

The CIT Group provided a senior secured credit facility that backed United Recovery Systems's buy of Enterprise Recovery System s. CIT Commercial & Industrial served as sole lead arranger and administrative agent for the financing.

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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

BofA Merrill Lynch, Barclays , Credit Suisse , Morgan Stanley and UBS Investment Bank served as the joint book-runners of the offering.