- published: 25 Jun 2010
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Inc may refer to:
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CIT Group Inc. is an American financial holding company founded in 1908 with more than $65 billion in finance and leasing assets. The company's name is an abbreviation of an early corporate name, Commercial Investment Trust. It provides financing and leasing capital to its middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. CIT also operates CIT Bank (Member FDIC), BankOnCIT.com, its primary bank subsidiary, which offers a suite of online savings options designed to help customers achieve a range of financial goals.
The company is part of the Fortune 500 and was a part of the S&P 500 Index until it was replaced by Red Hat at the close of trading July 24, 2009. The company is headquartered in New York City, and employs approximately 3,700 people in locations throughout North America, Europe, Latin America, and Asia Pacific. It declared Chapter 11 bankruptcy on November 1, 2009, and with the consent of its bondholders proposed to quickly emerge from bankruptcy court proceedings. The company emerged from bankruptcy 38 days later on December 10, 2009.
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News Update: CIT Group Inc. Prepays $1.25B in Debt (CIT)
Carl Icahn Discusses CIT Group's Debt Exchange: Video
Oppenheimer's Heinberg on a CIT Group bankruptcy
News Update: CIT Group Prepaid Additional $1.5B of First Lien Debt
ESI CIT Group
CIT Visits the NYSE
Don't Panic! CIT Group - what it really means!
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CIT Group fights for survival
Pedro Santos, CIT Group & Adam Sigg, Infoverity - #infa16 - #theCUBE
The Wall Street Journal reported Friday that CIT Group Inc. (NYSE:CIT) prepaid $1.25 billion of debt Wednesday. $950 million of the payment was mandatory under CIT Group's credit agreement after asset sales and the securitization of receivables. $300 million was voluntarily paid by the company to small businesses. CIT Group has alleviated some of the $7.5 billion credit facility it took after leaving bankruptcy protection in December 2009. Company officials announced in April of this year that CIT Group would prepay $1.5 billion after cash flow improved. Shares of CIT Group are trading up 0.06% at $35.74.
Oct. 27 (Bloomberg) -- Billionaire investor Carl Icahn talks with Bloomberg's Greg Miles about CIT Group Inc.'s debt exchange. (Source: Bloomberg)
A CIT Group Inc. (NYSE:CIT) bankruptcy would have an impact on middle market lending says Marshall Heinberg, the head of investment banking at Oppenheimer & Co. because the firm has been a very big player in small or big capital companies. However good companies will find alternative financing, he adds. See the video below or download it at iTunes.- Maria Woehr
CIT Group Inc. (NYSE:CIT) said Friday that it prepaid an extra $1.5 billion on its first lien debt. The company has reportedly repaid 30% of its first lien debt, still owing $5.25 billion. Shares of CIT Group are trading down 0.22% at $40.68.
ESI-CIT Group is a system integrator specialised in Test & Measurement applications and precision assembly Company presentation movie English version
Executives and middle market clients of CIT Group Inc. cit.com, a leading provider of financing to small businesses and middle market companies, will visit the New York Stock Exchange (NYSE) in conjunction with the release of its "CIT Voice of the Middle Market: Perspectives from the Heart of America's Economy"(cit.com/middlemarketoutlook)survey on Thursday, September 27, 2012. This comprehensive research report examines the perceptions of executives of U.S. middle market companies and provides insights into the opportunities and challenges they face. CIT Visits the New York Stock Exchange to Ring The Opening BellSM In Conjunction with the Release of the "CIT Voice of the Middle Market" Survey About CIT (NYSE: CIT) Founded in 1908, CIT (NYSE: CIT) is a bank holding company with mor...
July 26, 2009 - recorded 14:30 EDT Dodd Says U.S. Shouldnt Rule Out Helping CIT Avoid Bankruptcy: http://www.bloomberg.com/apps/news?pid=20601087&sid;=a3RtrfKlJpnA CIT Reworks Tender to Punish Late Exchange of Notes: http://www.bloomberg.com/apps/news?pid=20601087&sid;=aMXdF5H5SlhU CIT ripple effect squeezes small businesses, retailers: http://tinyurl.com/ldjbcp Retailers hit by CIT fallout: http://www.crainsnewyork.com/article/20090726/SMALLBIZ/307269986 Someone asked about the 'punitive interest rates' Goldman Sachs and JPMorgan are charging... here's the link: CIT Hit With Interest Rate More Than 25 Times Libor: http://www.bloomberg.com/apps/news?pid=20601087&sid;=aiJwhWb4QleU Peace and Love
01. Pedro Santos, CIT Group, visits #theCUBE!. (00:17) 02. Adam Sigg, Infoverity, visits #theCUBE!. (00:40) 03. The Journey with Informatica. (00:46) 04. The Background of CIT and the Informatica Relationship. (03:08) 05. Using MDM Tools and Approach in Infoverity's Daily Business. (06:20) 06. Big Data Translated Through MDM Processes. (10:24) 07. The Reaction to MDM's Ability to Bring in Data. (13:32) 08. The "Recipe" for Bringing in Data. (16:00) 09. The Need for Software Support. (17:41) 10. Standouts from the Informatica Show. (18:32) Track List created with http://www.vinjavideo.com. --- --- What happens when you cast the magic MDM net into the data lake?#infa16 by Betsy Amy-Vogt | May 25, 2016 What if you could quickly and easily see all the relevant background inform...
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The Canadian financing and leasing industry is seeing continued growth with new opportunities on the horizon, according to Blake Macaskill, Managing Director of CIT Canada at CIT Group Inc., (NYSE: CIT) a leading provider of financing to small businesses and middle market companies.
A period with ample sources of capital, very low cap rates and high valuations has set the stage for commercial real estate in 2016; but the impact of coming regulations is yet to be factored in. Nonetheless, as long as there are only gradual increases in interest rates and continued modest increases in employment, the commercial real estate market should operate smoothly. These are some of the observations presented by Matt Galligan, President, CIT Real Estate Finance, a division of CIT Group Inc. (NYSE: CIT), cit.com, a leading provider of commercial lending and leasing services.
Oct. 27 (Bloomberg) -- Billionaire investor Carl Icahn talks with Bloomberg's Greg Miles about CIT Group Inc.'s debt exchange. (Source: Bloomberg)
Panelists describe the impact that computation has had on the world of business and economics. Session Chair: John V. Guttag, Dugald C. Jackson Professor of Computer Science and Engineering, MIT Speakers: Andrew W. Lo, Harris & Harris Group Professor of Finance, MIT Sloan School of Management; Director, Laboratory for Financial Engineering, MIT John A. Thain '77, Chairman and Chief Executive Officer, CIT Group Inc.
Welcome to our October 2015 edition for technology managers. Highlights include: p. 14 WHERE WILL PRO AV BE IN 2020? The trends that will endure and how to prepare. p. 24 SIGNING OFF SMART: Six ways to get the most out of your digital signage investment. p. 33 Q&A; WITH ERIC EIMBINDER, DIRECTOR OF END-USER SERVICES, CIT GROUP INC. p. A1 THE TECHNOLOGY MANAGER’S GUIDE TO HUDDLE SPACES
Relive Airbus’ highlights from the 2014 Farnborough Airshow – including major orders from BOC Aviation, SMBC Aviation Capital and CIT Group, Inc. covering the company’s newly-launched A330neo and popular A320 product lines. In other A330neo news, the programme’s first industrial announcement is spotlighted in this video with footage from the signing ceremony with Rolls-Royce and Aircelle. Also featured are the prominent flying displays of the A380, A350 XWB and other Airbus Group aircraft including the A400M and E-Fan, as well as an interview with Fernando Alonso, Head of Airbus Flight & Integration Test Centre.
Review of the Week's Midcap and Smallcap Market Indices' Performance Feature Story Important Issues and Guidelines Regarding the Privacy Policies and Security Practices of Businesses. IFV News speaks with Lydia Payne-Johnson, JD, CIPP - Director and Chief Privacy Officer of CIT Group, Inc. Released 7/24/2010
* Timecode - 0:07 * SMBC Aviation Capital, one of the world's largest aircraft leasing companies, has signed a major firm order for 115 A320 Family aircraft (110 A320neo, five A320ceo). * Timecode - 33:00 * BOC Aviation, the Singapore-based aircraft leasing subsidiary of Bank of China, has announced an order for an additional 43 A320 Family aircraft, comprising seven A320neo Family aircraft and 36 A320ceo aircraft across A320 and A321 variants. * Timecode - 1:05:20 * CIT Group Inc. (NYSE: CIT), a global leader in transportation finance announced a commitment to order 15 A330-900neo aircraft and five A321ceo aircraft, becoming a launch customer for the new A330neo. * Timecode - 1:35:00 * Avolon, the Dublin-based, global aircraft leasing firm, has announced a Memorandum of Understanding (M...
On Tuesday, October 8, executives and middle market clients of New York-based CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing and advisory services to small businesses and middle market companies, will visit the NYSE. CIT executives and their middle market clients will ring The Closing Bell in conjunction with the release of the "CIT: Voice of the Middle Market - Perspectives from the Heart of the U.S. Economy" (cit.com/middlemarketoutlook) survey earlier that day. This comprehensive research report examines the perceptions of executives of U.S. middle market companies and provides insights into the opportunities and challenges they face.
Encuentro digital Ricardo González (21/10/2013) Temas tratados: Ibex, S&P; 500, DAX, EuroBund, EURCAD, sector servicios financieros americano, NYSE EuroNext, sector bancario americano, Fifth Third Bankcorp, sector utilities Europa, Gas Natural, sector salud americano, Carefusion corp., sector software americano, Gartner inc., sector viajes y ocio Europa, TUI AG, sector servicios financieros USA, CIT Group Inc, Acciona, sector farmacéutico Europa, Zeltia, Ezentis, sector farmaceutico stados Unidos, Abbott Laboratories, sector asegurador Europa, Mapfre, sector equipamiento electrónico Europa, Dassault Sistemes, Pfizer, OHL, Bekaert, sector ingenieria industrial americano, Crance
Bankruptcy in the United States is governed under the United States Constitution (Article 1, Section 8, Clause 4) which authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States." Congress has exercised this authority several times since 1801, most recently by adopting the Bankruptcy Reform Act of 1978, as amended, codified in Title 11 of the United States Code and commonly referred to as the "Bankruptcy Code" ("Code"). The Code has been amended several times since, with the most significant recent changes enacted in 2005 through the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). Some law relevant to bankruptcy is found in other parts of the United States Code. For example, bankruptcy crimes are found in Title 18 of th...
Bankruptcy in the United States is governed under the United States Constitution (Article 1, Section 8, Clause 4) which authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States." Congress has exercised this authority several times since 1801, most recently by adopting the Bankruptcy Reform Act of 1978, as amended, codified in Title 11 of the United States Code and commonly referred to as the "Bankruptcy Code" ("Code"). The Code has been amended several times since, with the most significant recent changes enacted in 2005 through the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). Some law relevant to bankruptcy is found in other parts of the United States Code. For example, bankruptcy crimes are found in Title 18 of th...