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CIT Group News

News on CIT Group (Ticker: CIT) continually updated from thousands of sources around the net.

6 hrs ago | MyBankTracker

Will CIT-OneWest Merger Deliver More Bank for Your Buck?

As last week's proposed acquisition of OneWest Bank by CIT Group illustrates, merger and acquisition activity in the banking sector is on a tear, no matter how you parse the numbers.

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Related Topix: Financial Services, Banking, JP Morgan Chase

Mon Jul 28, 2014

Hispanic Business

CIT Provides Financing for Rosser Capital Partners' Significant Investment in PetPeople

Financing was provided by , the U.S. commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.

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Related Topix: Financial Services, Social Software

Benzinga

Morgan Stanley Upgrades CIT Group On Positive Merger Outlook

In a report released Monday, Morgan Stanley analyst Cheryl Pate upgraded CIT Group from Equal-Weight to Overweight and raised its price target from $46 to $57.

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Related Topix: Financial Services

My Rye

Rye's John Thain Once Again Too Big To Fail

Finance exec John Thain, whose sprawing estate in Rye spills into two neighboring towns , learned one very important lesson during the 2008 financial crisis: make sure you are Too Big to Fail .

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Related Topix: Financial Services, Merrill Lynch and Co, Investment Services

Sat Jul 26, 2014

Barron's

CIT Is Finally More Than a Work in Progress

There's good news and a brighter outlook for the commercial lender as it prepares to buy OneWest Bank.

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Related Topix: Financial Services, Financial Markets, Livingston, NJ

MyBankTracker

How Wealthy Executives Still Remain Untouched by the Great Recession...

On the same day as the four-year anniversary of the Dodd-Frank bill - signed into law to make U.S. banks more stable and better capitalized - it was announced that CIT Group had purchased OneWest Bank for $3.4 billion.

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Related Topix: Financial Services, Home, Mortgage, Personal Finance, Merrill Lynch and Co, Investment Services

Fri Jul 25, 2014

Bloomberg

Mnuchin to Get $4.5 Million Pay as Vice Chairman of CIT

CIT Group Inc. , the lender that struck a deal this week to buy Steven T. Mnuchin's OneWest Bank, said the executive will be awarded an annual target compensation package of $4.5 million.

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Related Topix: Financial Services, Goldman Sachs, Investment Services, US News

GuruFocus.com

A Big Win for John Paulson

A Billion Dollars Richer John Paulson 's hedge funds made almost $1 billion on his investment in OneWest Bank, which is being purchased by CIT Group Inc. , a leading provider of commercial lending and leasing services.

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Related Topix: Financial Services, Pasadena, CA

Thu Jul 24, 2014

Los Angeles Times

East L.A.'s Pan American Bank gets $6.3-million bailout from other banks

Robb Evans, a veteran banker and turnaround specialist, was installed this week as interim chief executive of Pan American Bank in East Los Angeles.

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Related Topix: East Los Angeles, CA, California, Financial Services, Glendale, CA

The Motley Fool

CIT Group Inc: A Host of Tailwinds Could Fuel Big Valuation Growth

CIT Group is an interesting investment for investors who want to get exposure to the cyclical commercial lending and leasing business with CIT Group being active in both the commercial aircraft and rail car lease segments.

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Related Topix: Financial Services

Business News

Paulson makes another $1bn

John Paulson 's hedge funds made almost $1bn on his investment in OneWest Bank , which is being purchased by CIT Group for $3.4bn in cash and stock.

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Related Topix: Financial Services

Hispanic Business

CIT Commits to Order 15 A330-900neo and Five A321-200ceo Airbus Aircraft

Deliveries of the A330-900neo are scheduled to begin in 2018 and deliveries of the A321-200ceo are scheduled to begin in 2015.

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Related Topix: Commercial Aircraft, Aircraft, Airbus Aircraft, Airbus A330, Civil Aircraft, Airbus A321, Financial Services, Airbus A320

Wed Jul 23, 2014

Hispanic Business

Boeing, CIT Group Announce Order for 10 Additional 787-9 Dreamliners

This brings the leasing company's total 787 orders to 20, including 16 787-9s. "We are pleased to place this order for 10 787-9 Dreamliner aircraft," said .

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Related Topix: Commercial Aircraft, Boeing Aircraft, Aircraft, Boeing 787, Financial Services

MyBankTracker

Why This $3.4 Billion Bank Buyout Proves the Housing Collapse Is a Distant Memory

It seems as if the stream of news regarding bank buyouts will never let up. Indeed, we've already heard plenty over the course of the past few years about failed banks, and 2014 hasn't shown much of a slowdown for the trend.

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Related Topix: Financial Services, IndyMac Bancorp, Home, Mortgage, Personal Finance

Mortgage News Daily

CIT Group to buy OneWest; Thoughts on Non-QM products; Recent Changes in FHA, VA, & HECM

Captain Obvious likes to say, "Home prices don't always go up." It's probably a clich at this point, but it's better than the, "Buy as much home as you can afford" of the '00's.

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Related Topix: Financial Services, Housing, Home, Mortgage, Personal Finance, Los Angeles, CA, Riverside (Riverside, CA)

National Mortgage News

In OneWest Deal, CIT's Thain Tackles Mortgage Questions

Eight Reasons the Housing Recovery's Been So Slow From tight credit conditions to empty nesters, here is a litany of problems weighing on the housing market, as summarized in the minutes of last month's Federal Reserve policy meeting.

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Related Topix: Financial Services, Home, Mortgage, Personal Finance

Benzinga

Markets Open Higher; McDonald's Profit Misses Estimates

Following the market opening Tuesday, the Dow traded up 0.47 percent to 17,132.16 while the NASDAQ surged 0.83 percent to 4,461.44.

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Related Topix: HealthStream, Education, Biotech, RXi Pharmaceuticals, Beverages, CocaCola, Coca-Cola Bottling Co., Financial Services

Seeking Alpha

CIT Group's (CIT) CEO John Thain on Q2 2014 Results - Earnings Call Transcript

Good morning, and welcome to CIT's Second Quarter 2014 Earnings Conference Call.

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Related Topix: Financial Services

Tue Jul 22, 2014

SchaeffersResearch.com

Buzz Stocks: Herbalife Ltd., Facebook Inc (FB), CIT Group Inc., and Yahoo! Inc.

Futures for U.S. markets are in the green this morning, as geopolitical fears subside.

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Related Topix: Startups, Yahoo!, Financial Services, Financial Markets, AckmanZiff Real Estate Group, Facebook, iPod touch App, iPad App, iPhone and iPad App, iPhone App, Apache, Oil & Gas

Investor's Business Daily

Stock Futures Firmly Higher; Chipotle, CIT Group Climbing

Stock futures muscled higher Tuesday, propelled by a broad range of earnings reports and a no-surprise reading on June consumer prices.

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Related Topix: Chipotle Mexican Grill, Restaurant Management, Financial Services

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