Small-business lender CIT Group Inc. said Friday it has sweetened some terms of a buyback offer for $1 billion of debt and repeated that it may have to seek bankruptcy protection if enough noteholders ...

CIT Group Inc., a major business lender that's been devastated by the downturn in the credit markets, said Tuesday its chairman and CEO will resign at the end of the year. CEO Jeffrey M. Peek is ...

NEW YORK -- Business lender CIT Group Inc. said today its Chief Executive Jeffrey Peek plans to resign at the end of the year. Devastated by the downturn in the credit markets, CIT has been trying to ...

CIT Group Inc., one of the nation’s largest lenders to small and mid-sized businesses, said Wednesday it received $4.5 billion in credit from its own lenders and bondholders as it tries to avoid ...

Prior to COVID-19, the market comprised too many capital providers chasing too few good deals, a scenario CIT Group’s Chris Niederpruem considered “the new normal … I don’t know what changes that.” ...

CIT Group Inc. shares plunged Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a bid to ...

Wall Street is a forgiving place. How else would you explain the stunning turnaround of former Merrill Lynch CEO John Thain and the once bankrupt CIT Group? Well, a healthy business helps too. CIT ...

Former head of Merrill Lynch John Thain likes what he's doing as CEO of CIT Group and is buying up shares of the company to show it. Thain bought 40,000 shares of CIT Group for $1.19 million yesterday ...

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 ...